At almost any other time, an escalating diplomatic conflict between OPEC members Iran and Saudi Arabia would mean a spike in oil prices. That the rally this time couldn’t be Continue Reading
Crude oil prices reversed earlier gains on Tuesday, as gloomy Chinese data dragged on sentiment in a market already weighed down by persistently high production levels. Oil futures initially rose, Continue Reading
After a great year of betting against oil, some bearish investors sat out the last week of 2015 after prices hit a six-year low. Hedge funds’ bets on falling prices Continue Reading
Growing tension between Saudi Arabia and Iran caused oil prices to jump in the first trading session of 2016, an early sign of how the unstable political situation in the Continue Reading
Whoever came up with the phrase “no news is good news” clearly wasn’t long gold or oil futures Monday. The latter in particular tend to perk up when headlines emanate Continue Reading
Crude oil prices are unlikely to rally much in 2016 as subdued demand growth looks unable to absorb rising supply from the likes of Iran and Iraq, even though non-OPEC Continue Reading
Iraqi oil exports averaged just over 3 million barrels per day (bpd) in 2015 – 3.36 million bpd if the autonomous Kurdistan region’s independent exports are included in the tally Continue Reading
When a Saudi state executioner beheaded the prominent Shiite dissident Sheikh Nimr al-Nimr on Saturday, the Shiite theocracy in Iran took it as a deliberate provocation by its regional rival Continue Reading
There are several reasons why escalating tensions between Iran and Saudi Arabia make markets nervous. One of them is that they sit on either side of the Persian Gulf, the world’s biggest concentration Continue Reading
Libya’s Petroleum Facilities Guard clashed with militants of the Islamic State near Es Sider, the country’s biggest oil port which has been closed for more than a year, according to Continue Reading
