Rebalancing the oil market could take slightly longer as a result of the upsurge in uncertainty following Britain’s vote to leave the EU but most traders seem to think it Continue Reading
The NYMEX August natural gas prompt-month contract jumped 6.1 cents to settle at $2.924/MMBtu, its highest close since August 12, 2015, on bullish weather reports and a below-average injection reported Continue Reading
OPEC’s oil output has risen in June to its highest in recent history, a Reuters survey found on Thursday, as Nigeria’s oil industry partially recovers from militant attacks and Iran Continue Reading
A supertanker with Iranian crude is heading toward Poland’s Baltic Sea port of Gdansk, trade sources said and ship-tracking data showed, as Iran continues to claw back market share after Continue Reading
Reuters Iran’s oil exports in July are set to fall from June levels as the country battles Saudi Arabia and Iraq for market share but are about 70 percent higher Continue Reading
Has Saudi Arabia already switched tack and started to surreptitiously balance supply and demand in the crude oil market? One of the persistent themes of crude oil markets since the Continue Reading
Arab Light crude premium to Asia declines by 40 cents a barrel Prices in Mediterranean mostly cut, NW Europe mostly increased Saudi Arabia, the world’s largest crude exporter, cut all Continue Reading
The initial public offering of Saudi Aramco is likely to push the global market for crude oil toward the supply side and erode OPEC’s influence, analysis finds. An economic agenda, Continue Reading
Attacks on oil and gas facilities, along with political instability, are damaging Libya’s oil and gas industry. Ongoing militant attacks on hydrocarbon installations in Libya have helped stem the production Continue Reading
Kazakhstan expansion would add a Libya of new supply Tengiz is only major new project on Chevron’s 2016 agenda Chevron Corp. may shortly give a green light to the most Continue Reading
