OilCrisis

Texas Oil Wildcatters Express Frustration with Trump Amid Price Drops

8 days ago

In recent weeks, oil prices have taken a significant downturn, leading to increased frustration among Texas wildcatters, many of whom had once touted their close ties to former President Donald Trump. As oil prices fell to levels that many in the industry deem unsustainable, these independent oil operators are now questioning the leadership and actions of Trump, a figure they believed would advocate for their interests.

Nigeria’s State Governors Offer Conditional Support for Tax Reforms Amid Economic Challenges

3 months ago

In a significant development within Nigeria's economic landscape, state governors have expressed conditional backing for proposed tax reforms aimed at boosting the nation’s dwindling revenues. This move comes as the country continues to grapple with financial difficulties exacerbated by dwindling oil prices and rising inflation rates. The governors' cautious support signals a potential shift in the fiscal policy approach at the state level, which could reshape the way revenue generation is handled across the nation.

Peru's Debt-Ridden Oil Company Struggles to Find New Leadership amidst Crisis

6 months ago

In a troubling development for Peru's struggling state oil company, Petroperú, the search for a new board of directors has hit a significant deadlock, highlighting the deepening crisis that the company is undergoing. As the government grapples with a looming economic crisis and considers ways to stabilize the energy sector, Petroperú's inability to appoint a governing board has raised alarms about its future direction and operational capacity.