The Trump administration ratcheted up pressure on Venezuela's President Nicolas Maduro on Jan. 23, announcing U.S. recognition of the country's opposition leader as interim president and signaling potential new sanctions against its vital oil sector.
Natural gas prices have surged forward since Jan. 13 in the biggest gain since November and Stratas Advisors expect cold weather to offer positive pressure to price activity for the week ahead.
The 2019 special report by Oil and Gas Investor editors is the only comprehensive source that informs readers what is happening, who is involved. It also incorporates a directory of key players.
Saudi Arabia's reserves of easily recoverable oil have long been the world's largest and despite almost 30 years of rising production have consistently remained around 261 billion barrels.
A Reuters survey suggests Saudi Arabia and some of its allies in OPEC acted unilaterally to bolster the market by limiting its oil output early as crude prices slid on the possibility of a new glut.
Crude production in the U.S. rose 79,000 barrels per day in October to 11.537 million barrels per day, the EIA said in a monthly report.
Proposed U.S. legislation known as "NOPEC" could open OPEC up to anti-trust lawsuits, which complicates plans for an OPEC+ format that would've included Russia, the country's energy minister says.
From oil prices to bottlenecks and ballot battles to trade uncertainty, these news stories most defined the direction of oil and gas this year.