Oil futures fell in Asian trade on Thursday, with U.S. crude hitting its lowest level in more than two weeks, amid renewed worries of global oversupply after inventories in the Continue Reading
Oil futures rebounded in Asian trade on Wednesday, buoyed by a less than expected build in crude oil stockpiles last week and a weakening dollar, but concern that a two-month Continue Reading
Pierre Andurand, a hedge-fund manager who predicted the oil collapse, said crude is starting a “multi-year bull run” because low prices have curbed supply. Crude futures, currently trading near $40 Continue Reading
OPEC oil output is rising in March, a Reuters survey found, as higher supply from Iran after the lifting of sanctions and near-record exports from southern Iraq offset maintenance and Continue Reading
Iran is expected to add half a million barrels of oil supply a day within a year from its existing oilfields after the lifting of sanctions against Tehran in January, Continue Reading
Iran ’s supreme leader backed the country’s missile program on Wednesday, criticizing a prominent ayatollah who had suggested that in the future, negotiations were far more important. Defending the military’s Continue Reading
Libya’s United Nations-backed unity government finally assumed office in Tripoli on Wednesday despite opposition within two existing administrations and threats of violence from some militias based near the capital. Prime Continue Reading
Saudi Arabia cemented its position as India’s top crude oil supplier in February, exporting 60% more crude than it did in February 2015 and 24% more than January, and leaving Continue Reading
Venezuela’s opposition-controlled congress upheld a campaign promise and approved an amnesty law late Tuesday that is likely to deepen an institutional standoff with President Nicolas Maduro. Voting across party lines, Continue Reading
The crisis engulfing the global steel industry is so severe that one of China’s top producers has warned a new Ice Age has set in as mills confront overcapacity and Continue Reading
