Russia, the world’s top oil producer, is consulting with Saudi Arabia and other producers to achieve oil market stability, Energy Minister Alexander Novak said, adding that the door is still Continue Reading
Oil prices staged a strong rally on Thursday, moving up 4% by the end of the day thanks to positive forecasts from the IEA and comments from the Saudis. (Click Continue Reading
Oil Rig • WTI moved higher on the week by about $1.50 through Thursday as aggressive short covering tied to a bullish IEA report and an informal gathering of OPEC Continue Reading
Saudi Arabia and Iran are giving no ground in their market share war, just days after OPEC announced an informal meeting to discuss ways to stabilize falling prices. Oil’s return Continue Reading
A commander in charge of oil for the Islamic State was killed in operations led by multilateral forces near the Syrian border, the Kurdish government said. The Security Council for Continue Reading
The Niger Delta Greenland Justice Mandate (NDGM) has vowed to blow up more oil installations, if government does not meet its demand for inclusion in negotiations with other militant groups. Continue Reading
World’s largest sovereign oil hedge started earlier than usual Mexico spends about $1 billion a year locking in prices Mexico started quietly buying contracts to lock in 2017 oil prices Continue Reading
Maduro raises minimum wage, salaries for public employees Oil, foreign ministers leave on tour of oil producers Saturday President Nicolas Maduro raised Venezuela’s minimum wage 50 percent and announced that Continue Reading
China will use the stricter enforcement of environmental, safety and energy efficiency standards as well as tougher credit controls to help fight against overcapacity in key industrial sectors, the government Continue Reading
Multiple oil well sites are seen on the Fort Berthold Indian Reservation in North Dakota, in a November 1, 2014 file photo. North Dakota’s daily oil production will soon drop Continue Reading
