IEA says oil prices might have bottomed out
Oil prices might have bottomed as production declines in the United States and other non-OPEC producers are accelerating and an increase in supply from Iran has been less than dramatic, Continue Reading
IEA Says Oil Price May Have Bottomed as High-Cost Producers Cut
Oil prices may have passed their lowest point as shrinking supplies outside OPEC and disruptions inside the group erode the global surplus, the International Energy Agency said. Production outside the Continue Reading
Emerging-Market Volatility Rise Points to Fragile Rally on Oil
A measure of exchange-rate swings in emerging-market currencies halted a three-week decline, highlighting the fragility of an oil-induced rally amid lingering concern about the health of the global economy. While Continue Reading
Goldman Sees `Green Shoots’ in Crude as Storage Risks Recede
Oil seen trading in $25-$45 range in second quarter: Goldman The oil market may be starting to rebalance as U.S. production shows signs of declining and output in Nigeria and Continue Reading
IEA Sees Signs Oil Prices Might Have Bottomed Out
Crude-oil prices may have “bottomed out” as Iran’s return to the market has been less dramatic than the country promised, and OPEC production fell in February, the International Energy Agency Continue Reading
Is Saudi Arabia’s Oil Business Going Bust?
“What if Riyadh’s oil wealth days are numbered?” American political analyst Phil Butler asks, shedding light on what “peak oil” means for the Western economy. Saudi aggression against Yemen and Continue Reading
The Coming Collapse Of Saudi Arabia
They met in secret to plan a devastating attack… Two powerful men, colluding at a palace in the Middle East. In September 2014, U.S. Secretary of State John Kerry flew Continue Reading
Iran’s Oil Market Return `More Modest’ Than Forecast, IEA Says
Crude output increased by 300,000 b/d since start of the year The increase in Iran’s oil exports after the lifting of sanctions has been “more modest” than the country intended, Continue Reading
Shrinking oil reserves crimp Iraqi Kurdistan’s allure
A string of downgrades to Iraqi Kurdistan’s oil reserves is a fresh blow to the autonomous region’s fledgling oil industry already crippled by conflict, political strife and low crude prices. Continue Reading
Libya: Political Dialogue For Unity Government Begins
A U.N.-backed committee aiming to overcome legal obstacles to Libya’s new unity government convened in Tunis on March 10, Libya Herald reported. Officials who negotiated the formation of the national Continue Reading