Crude oil rises in holiday-constrained trade
Crude oil futures rose on Monday in thin trade as many Asian markets were on holiday for Lunar New Year, with few trading cues expected until Federal Reserve Chair Janet Continue Reading
A Record Number of Investors Are Piling Into Oil
Money managers may not agree where oil prices are headed, but they are increasingly eager to place their bets. Total wagers on the price of crude climbed to the highest Continue Reading
Prolonged oil slump sparks second wave of cuts to 2016 budgets
Less than two months into the year, the top U.S. shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices Continue Reading
Battle of Three Oil Benchmarks Upending Crude Flows Across Globe
The oil tanker Tofteviken is set to sail from the U.K. this month carrying the first shipment of North Sea Ekofisk crude to the U.S. Gulf Coast in five years. Continue Reading
World’s Largest Energy Trader Sees a Decade of Low Oil Prices
Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to Continue Reading
Saudi, Venezuela Meeting Ends With No Oil-Production Agreement
Saudi oil minister Ali al-Naimi met with his Venezuelan counterpart on Sunday but didn’t announce any plans for the production cut the South American country says is needed to prop Continue Reading
Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA
Saudi Arabia’s oil minister Ali al-Naimi discussed cooperation between OPEC members and other oil producers to stabilize the global oil market with his Venezuelan counterpart on Sunday, state news agency Continue Reading
Iran Says No Thanks To Dollars; Demands Euro Payment For Oil Sales
Iran enjoys trolling the United States. In fact, it’s something of hobby for the Ayatollah, who has maintained the country’s semi-official “death to America” slogan even as President Rouhani plays Continue Reading
Syria refugee camps set up as Turkey limits entries
Turkish aid workers have been setting up tents and distributing supplies for thousands of new Syrian refugees kept from entering Turkey at the border. Some 35,000 people fled a Syrian Continue Reading
Iran’s crude oil sales to Europe have reached above 300,000 bpd after sanctions: Shana
Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran’s crude oil sales to Europe after the lifting of international sanctions on Tehran had already reached above 300,000 barrels per Continue Reading