Iraq would support an agreement to freeze output: PM Al-Abadi U.S. crude stockpiles rose by 942,000 barrels last week: API Oil is poised for the biggest monthly advance since April Continue Reading
When taking a quick look at some of the critical figures and data in the energy markets this week, we see that the U.S. oil rig count remains unchanged, while Continue Reading
Motor-fuel stockpiles forecast to fall by 1.25 million barrels Volatility to endure as rebalancing continues: oil executives Oil traded near $47 a barrel before data forecast to show that gasoline Continue Reading
Largest producers to distribute $40 billion next year Exxon expresses unwaivering commitment to maintaining payouts The world’s biggest oil producers may struggle to make more than $40 billion in annual Continue Reading
The oil industry only discovered about 2.7 billion barrels of new supply in 2015, a tiny fraction of the annual average for the past fifty years. The dismal result was Continue Reading
Al-Abadi backs oil-output cap at Algiers gathering next month Premier previously stressed Iraq’s need to boost production Iraq would support a proposal for OPEC and other major oil producers to Continue Reading
Iraqi Prime Minister Haider al-Abadi speaks on Iraqi Police Day at a police academy in Baghdad, in this file picture taken January 9, 2016. Iraq would support a decision by Continue Reading
Iran in September will send out invitations to energy companies to vet interest in the first contracts in the post-sanctions area, a director said Tuesday. Iranian Oil Minister Bijan Zangeneh Continue Reading
Two cells of fighters loyal to the self-proclaimed Islamic State (IS) are operating within territory nominally controlled by the Kurdistan Regional Government (KRG) – the latest sign that the militant Continue Reading
Saudi Arabian energy minister Khalid al-Falih said the top crude exporter does not target a specific figure for its oil production which is set based on its customer’s needs. “The Continue Reading
