U.S. crude stockpiles unexpectedly drop 2.5 million barrels OPEC’s former head says conditions right for oil-freeze deal Oil held its advance after the longest run of gains in more than Continue Reading
West Texas Intermediate crude oil hasn’t been so cheap relative to Brent, the global benchmark, since December. That’s because the supply situation in the U.S. is more ample than what Continue Reading
A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, Saudi Arabia June 23, 2008. Saudi Arabia is sending signals that Continue Reading
Nations now willing to cap volumes as they’re pumping flat-out Big producers have taken all the market share they can: Khelil OPEC is on course to strike an output-freeze deal Continue Reading
A BP subsidiary working in the Caspian Sea announced it reached a landmark for oil pulled from Azeri waters with its 3 billionth barrel. BP’s regional office for Azerbaijan, Georgia Continue Reading
Halted since 2012, Iran aims to resume oil swaps with its neighbors sharing borders with the Caspian Sea, a northern Iranian oil terminal agency said. The official Islamic Republic News Continue Reading
A still image, taken from video footage and released by Russia’s Defence Ministry on August 16, 2016, shows a Russian Tupolev Tu-22M3 long-range bomber based in Iran dropping off bombs Continue Reading
A hospital associated with Doctors Without Borders. A school. A potato chip factory. Under international law, those facilities in Yemen are not legitimate military targets. Yet all were bombed in Continue Reading
BEIRUT, Lebanon — Syrian government aircraft hit the rebel-held Damascus suburb of Daraya with incendiary bombs for the third straight day on Wednesday, according to local council members, who said Continue Reading
Saudi Tanker Saudi Arabia suggests it may be increasing its August crude output to a new all-time high as it could give it more leverage to influence the September informal Continue Reading
