Oil prices dipped on Monday as a strong dollar weighed on markets and Canadian oil sands production was expected to increase this week. Crude markets, however, did receive some support Continue Reading
The UAE’s economy minister sees oil jumping to $60 per barrel in the next few months. “It’s possible for oil prices to reach $60 or more during this summer,” UAE Continue Reading
If the whims of oil speculators are anything to go by, then another oil price downturn looks increasingly unlikely. Oil prices have gained more than 80 percent over the past Continue Reading
The EIA has apparently stopped publishing its International Energy Statistics. Instead they are now publishing an abbreviated version on their Total Energy web page titled: Tabel 11.1b World Crude Oil Continue Reading
Libya’s Petroleum Facilities Guard captured a town near the country’s biggest oil port of Es Sider after clashes with Islamic State militants as the divided country works to reunite factions Continue Reading
Yemen’s Houthi rebels have launched a missile over the border into Saudi Arabia for the first time in weeks in the latest violation of a shaky truce between the insurgents Continue Reading
Libyan forces loyal to the U.N.-brokered government advanced on Monday against two key Islamic State strongholds, with several officials saying the troops had taken a town from the extremists. The Continue Reading
Saudi Arabia’s new energy minister, Khalid al-Falih, shown in a January photo, has a full… As the Organization of the Petroleum Exporting Countries prepares to meet this week, representatives say Continue Reading
A force that controls oil terminals in eastern Libya said it had captured the town of Ben Jawad from Islamic State, pushing the militant group back along a coastal strip Continue Reading
Iraq will supply 5 million barrels of extra crude to its partners in June, industry sources familiar with the issue said, joining other Middle East producers by lifting market share Continue Reading
