Analysts are growing increasingly confident that a near-two-year rout in oil has ended, and raised their price forecasts for a second month running, as healthier demand and a drop in Continue Reading
Even as oil rallies, analysts have barely nudged up their price forecasts as they worry that crude’s current gains might not be sustainable. The price of oil has jumped by Continue Reading
BP, Nabors Industries and Pioneer Natural Resources all say that prices above $50 will encourage more drilling or provide the needed boost to cash flow. (Bloomberg) — The new magic Continue Reading
Photo Iran’s foreign minister, Mohammad Javad Zarif, center, at the United Nations last week. Mr. Zarif sent a letter to the secretary general of the United Nations in protest against Continue Reading
Libya’s National Oil Corporation has ambitious plans to restore output to pre-2011 levels after years of violence and disruption, officials said. Oil output is now less than a quarter of Continue Reading
The decline in Saudi Arabia’s net foreign assets slowed for a third month, helped by a rebound in oil prices as well as spending cuts and domestic bond sales. Net Continue Reading
A view of the Khurais oilfield, about 160 km (99 miles) from Riyadh, June 23, 2008. Saudi Arabia’s oil output will edge up close to record highs in coming weeks Continue Reading
With tens of thousands of protesters marching in the streets of Baghdad to demand changes in government, Iraq ’s Shiite prime minister, Haider al-Abadi, appeared before Parliament this week hoping Continue Reading
Iraqi oil engineers are moonlighting as weapons developers, inventing remote-controlled rocket launchers and other devices for al-Hashid al-Shabi (Popular Mobilization) militia forces fighting against the self-proclaimed Islamic State (IS) organization.The Continue Reading
Short-term disruptions take out 800,000 barrels/day of supply Leftist guerrillas in Colombia, rebels in Libya and militants in Nigeria are succeeding where the world’s biggest oil producers failed, helping keep Continue Reading
