Ignoring Fundamentals: Speculation Has Been Driving Oil Prices
Crude Oil pipeline 2016 has been a roller coaster year for the oil traders. Markets had a near 100 percent rise from February lows, followed by a drop of more Continue Reading
Iraq: Baghdad Threatens To Sell Oil Via Iran
The Iraqi government is considering a plan to market its crude oil through Iran if talks between the State Oil Marketing Organization and the Kurdistan Regional Government (KRG) fall through, Continue Reading
Second boycotter says will rejoin Libya’s U.N.-backed government
A member of the leadership of Libya’s U.N.-backed government who is close to powerful rival factions in the east of the country has said he will end his boycott of Continue Reading
High toll for Libyan troops battling Islamic State in Sirte
Members of Libyan forces allied with the UN-backed government fire a weapon towards Islamic State militants in neighbourhood Number One in central Sirte, Libya August 28, 2016. At least 34 Continue Reading
Turkey-backed Syrian rebels aim for Manbij city, commander says
A rebel fighter carries a boy as civilians and rebels who were evacuated from the besieged Damascus suburb of Daraya, after an agreement reached on Thursday between rebels and Syria’s Continue Reading
Iran’s Oil-Market Share Grab Seen Dimming Hopes for Freeze Talks
OPEC output plans not conducive to freeze agreement: Dana CEO Iran sees need for other producers to limit supply: Mills Iran’s plan to keep boosting crude production until it regains Continue Reading
Turkish warplanes, artillery hit targets in north Syria: sources
Turkish warplanes and artillery struck targets held by the Kurdish YPG militia in north Syria on Sunday, security sources said, as Turkey pressed on with a cross-border campaign launched last Continue Reading
Oil Refining Empire Helps Sinopec Outshine Chinese Energy Rivals
Net income at China’s refining giant beats PetroChina, Cnooc Crude crash drags down Sinopec earnings as output slides China Petroleum & Chemical Corp., the refining giant known as Sinopec, outshined Continue Reading
Beneath Yuan’s Quiet, China Worries Rise
The calm in China’s currency is making some investors uneasy. Twice in the past year, sudden drops in the value of the yuan have rattled global markets, sparking concerns that Continue Reading
China faces massive closures of small thermal power plants: media
China’s power generation companies will have to contend with massive closures of their smaller coal-fired power plants as government plans to shut excessive coal and steel capacity deprives the plants Continue Reading