In the last few weeks, there has been rising tension revolving around Iran and oil tankers in the Persian gulf. In a development that could potentially ease rising tensions in the Gulf, Iran stated it appreciates Saudi Arabia’s efforts in… Read More ›
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Exxon Mobil halts oil survey survey over confrontation with Venezuela’s navy
Home of the world’s biggest crude oil reserves, production of crude oil in Venezuela, a OPEC member, has reached its lowest levels in 70 years. Guyana’s Foreign Affairs Minister Carl Greenidge stated, the government is “in discussion” with Exxon Mobil… Read More ›