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Inmates at Tocuyito prison in the Venezuelan state of Carabobo have taken four other prisoners and dozens of guards captive in a incarcerate riot. Photos on social media depict the four captives kneeling with their limbs held up while other inmates appear to be …
OPEC’s fear that another upsurge of shale petroleum could neutralize its production cuts might be coming true.
U.S. oil output is situated for” explosive” growth this year as costs rally, the International Energy Agency said on Friday. That was just one of a chorus of voices from Goldman Sachs group Inc. to OPEC itself warning of a looming output surge reminiscent of the” heady days” of the first shale boom.
As the Organization of Petroleum Exporting Countries and allies including Russia gather in Oman this weekend, achievements including a three-year high in oil prices and rapidly dwindling supply glut may be overshadowed by the risk of becoming victims of their own success.
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