With Russian oil output lower in the second quarter, the country’s prime minister said there are still negative pressures building on the economy. Russian Prime Minister Dmitry Medvedev said there Continue Reading
Offshore Oil Rig Searching for oil and gas is an activity with uncertain success—an activity with a bit less uncertainty were it not for 3D seismic surveying. And this uncertainty Continue Reading
Oil futures bounced back from two-month lows on Tuesday, helped by a weaker dollar, but a global stocks overhang and a drop in bullish bets by investors still weighed on Continue Reading
After oil prices rallied more than 80 percent between February and June, WTI and Brent have fallen back more recently, dropping from above $50 to just $45 per barrel. Oil Continue Reading
Crude oil prices fell Monday as market participants fretted over a supply overhang that could worsen as global supply disruptions fade. The September contract for global benchmark Brent was down Continue Reading
Iran plans to double crude exports to regain market share U.S. explorers added more than 30 oil rigs since start of June Oil extended losses from a two-month closing low Continue Reading
Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia. Brent crude futures were trading at Continue Reading
Exports of 2 million barrels a day near pre-sanctions levels Iran targeting Europe as destination for quarter of exports Oil markets will remain stable this year even as Iran plans Continue Reading
The oil market is in the early stages of a “sustainable but protracted recovery,” according to oil and gas analysts at Jefferies International Limited. The oil market is in the Continue Reading
One-year price gap on Brent crude futures doubles in a month Rebalancing will be ‘messy’ as surplus lingers: Credit Suisse On the surface, the recovery of the global oil market Continue Reading
