Oil falls as traders cash in after three weeks of gains
Oil prices dipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets. Front-month Continue Reading
Next oil downturn? Looming gasoline glut threatens crude’s rebound
A rebound in oil prices this year from 12-year lows is in danger of coming to a crashing halt, as the main engine of global demand growth for the past Continue Reading
Kuwait Emerging From Strike With Plans to Have Record Oil Output
Kuwait plans to boost oil production to more than 3 million barrels a day within months, doubling output from where it stood during last week’s oil-worker strike. Output will climb Continue Reading
East Libya’s Oil Company Loading First Crude Shipment for Export
The government in eastern Libya plans later Monday to export its first cargo of crude since the country with Africa’s biggest known oil reserves split into rival power centers in Continue Reading
Iraqi Sects’ Discord Blunts U.S.-Backed Drive Against ISIS
Iraqi forces, backed by American airstrikes and advised by American officers, have been making strides in Anbar Province, slowly taking back territory from the Islamic State. But in Falluja, a Continue Reading
New estimate puts Israel’s Leviathan gas resources far lower at 16.6 Tcf: sources
An updated assessment of the Leviathan offshore gas field puts the Israeli offshore field’s estimated resources at 16.6 trillion cubic feet (about 453 billion cubic meters), 24% lower than a Continue Reading
Syrian food crisis deepens as war chokes farming
Syria’s war has destroyed agricultural infrastructure and fractured the state system that provides farmers with seeds and buys their crops, deepening a humanitarian crisis in a country struggling to produce Continue Reading
Libyan Eastern Government’s First Crude-Oil Export Sets Sail
The Tripoli headquarters of Libya’s National Oil Co., which has objected to an oil export… A government that controls Libya’s eastern half said its oil company has loaded its first Continue Reading
Iran Threatens Lawsuit in Hague Court Over U.S. Ruling on $2 Billion
Iran said on Monday that it would seek to sue the United States at the International Court of Justice at The Hague to prevent the distribution of nearly $2 billion Continue Reading
It Isn’t Just ISIS that Is Destabilizing Iraq
As Iraqi exports from the southern coast reach a monthly record high and the government is trying to lure in new investment on the border with Iran, all is certainly Continue Reading