Big banks have slightly raised their oil-price forecasts for the first time since August but remain cautious about crude’s outlook. A survey of 13 investment banks by The Wall Street Continue Reading
Iraqi Prime Minister Haider al-Abadi has nominated Nazar Numan – a Kurdish geologist who is relatively unknown in Iraq’s oil sector – to lead the Oil Ministry as part of Continue Reading
Though the fundamentals of the oil-based economy remain weak, the United Nations and Western leaders expressed support for prosperity in Libya. Members of a U.N.-backed national administration arrived in Tripoli Continue Reading
OPEC crude production rose in March as Iranian output climbed to the highest level in almost four years. The Organization of Petroleum Exporting Countries increased production by 64,000 barrels to Continue Reading
The Obama administration is preparing to give Iran limited access to U.S. dollars as part of looser sanctions on Tehran, according to congressional staff members and a former American official Continue Reading
Nigeria will propose Mohammed Barkindo, former group managing director of state-owned Nigerian National Petroleum Corp., for the position of OPEC secretary-general, according to two people familiar with the matter. Barkindo Continue Reading
For the past eight decades, Mexican drivers have had only one choice of filling stations: state oil firm Petróleos Mexicanos. But that is going to change in coming months as Continue Reading
Venezuela’s opposition-controlled National Assembly is questioning the legality of a $500 million deal Rosneft OJSC made with the state oil company to increase its stake in a local oil venture. Continue Reading
A view of Mexico’s national oil company Pemex’s refinery in Salamanca, in Guanajuato state, Mexico, February 8, 2016. Picture taken, February 8, 2016. Mexican state-run oil company Pemex expects to Continue Reading
Japan’s domestic oil product demand except for power generation is forecast to fall 1.6% year on year to 169.348 million kl, or 2.92 million b/d, in fiscal 2016-17 (April-March), according Continue Reading
