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U.S. Partner in Venezuela Oil Deal Looks to Hike Crude Production

The privately held company that’s partnering with the U.S. Administration to boost oil production in Venezuela has raised output by about 20,000 barrels per day (bpd) since August and plans to soon add more rigs to further hike production. North American Blue Energy Partners (NABEP), announced by the White House in August as one of the U.S. Administration’s partners in “the biggest oil deal in…

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The EU is its own worst enemy

Beijing has told Brussels not to “fantasise” that pressure will extract concessions. This came after China made a goodwill gesture in the recent hybrid-car trade deal.

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