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OPEC output unchanged at 31.85 million b/d

(S&P Gobal Platts) The 10 Organization of the Petroleum Exporting Countries (OPEC) members' crude output stayed unchanged in April at 31.85 million barrels per day...

Oil wealth cannot cure bad governance; Venezuela in free-fall

With proven oil reserves of almost 300 billion barrels, Venezuela surpasses Saudi Arabia as the country with the largest reserves in the world. But...

The world needs a stable oil market

The following statement was made by Tord André Lien in December last year, when he was Norway’s Minister of Petroleum and Energy. The global use...