Photo The aircraft carrier Harry S. Truman in the Gulf of Oman on Friday. Credit Mass Communication Specialist 3Rd Class J. M. Tolbert/U.S. Navy, via Associated Press WASHINGTON — After Continue Reading
Falling oil prices caused a liquidity shortage at Iraq’s listed banks, reducing their overall profit before tax 44 percent to 74 billion dinars ($68 million) in the third quarter from Continue Reading
Saudi Arabian Oil Minister Ali al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC’s headquarters in Vienna in this file picture taken December 4, 2013. Saudi Continue Reading
Iran’s national representative to Organization of the Petroleum Exporting Countries (OPEC) predicted oil prices in 2016 at between $35 to $50 a barrel, but that they would not go above Continue Reading
The Obama administration is preparing to sanction nearly a dozen companies and individuals in Iran, Hong Kong and the United Arab Emirates for their alleged role in developing Iran’s ballistic-missile Continue Reading
At a Christmas breakfast with journalists, Aldemir Bendine, the chief executive of Petrobras, said Brazil’s state-controlled oil company was aiming to become “smaller” thanks to an array of planned asset Continue Reading
Four more Chinese independent teapot refineries, with a total capacity of 15.6 million mt/year, have joined others in applying to the National Development and Reform Commission to process around 14.47 Continue Reading
A decade old commodity boom came crashing to an end in 2015, hurting energy and mining firms as China’s industrial rise and appetite for raw materials slowed. The outlook for Continue Reading
China’s long history of tempestuous trading spilled over its borders this year, signaling that a once-isolated market is moving to the center of global finance. Chinese volatility upended markets from Continue Reading
U.S. oil and gas companies are selling assets and acreage piecemeal as they jockey to survive a downturn in energy prices, and the trend for small transactions looks likely to Continue Reading
