Oil prices rise, U.S. crude shrugs off equity slump
Crude oil prices rose on Tuesday, with U.S. crude shrugging off big drops in Japan’s stock market and eroding some of the previous session’s losses that were driven by festering Continue Reading
Oil Prices Slide Again as Oversupply Fears Persist
Oil prices dropped back below $30 Monday amid continuing fears about the global oversupply of crude. A Sunday meeting between Saudi Arabia and Venezuela ended without any plans for production Continue Reading
IEA Raises Estimate of Surplus Oil Supply on Higher OPEC Output
The global oil surplus will be bigger than previously estimated in the first half, increasing the risk of further price losses, as OPEC members Iran and Iraq bolster production while Continue Reading
IEA sees global oil glut worsening, OPEC deal unlikely
The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce Continue Reading
Oil Production Is Going To Drop And Oil Prices Are Likely To Increase
Rystad Energy , an independent oil and gas consulting services and business intelligence data firm in Oslo, Norway, has online, a wealth of information concerning upstream oil production projects and Continue Reading
Syrians Desperate to Escape What U.N. Calls ‘Extermination’ by Government
Tens of thousands of Syrians who were running for their lives piled up near the border crossing with Turkey here on Monday. They were fleeing a crushing wave of Russian Continue Reading
Russian firepower helps Syrian forces edge toward Turkey border
The Syrian army advanced toward the Turkish border on Monday in a major offensive backed by Russia and Iran that rebels say now threatens the future of their nearly five-year-old Continue Reading
Iran’s envoy to Russia says Tehran will raise oil market share gradually: RIA
Iran will increase its share of the global oil market gradually, in order to avoid price volatility, RIA news agency quoted Iran’s envoy to Moscow as saying on Monday. International Continue Reading
NOC in West Libya Warns About `Illicit’ Oil Sales From East
National Oil Corp. in western Libya warned traders against loading “illicit” cargoes of oil at Hariga port in the eastern part of the country amid claims by a competing organization Continue Reading
Iran aims for more diverse economy
Iranian exports of around $50 billion worth of non-petroleum products are not enough to diversify the nation’s economy, the speaker of parliament said. “There are many countries that were disturbed Continue Reading