The IEA said recent pillars of oil demand growth-China and India-are ‘wobbling.’ Above, an attendant… The International Energy Agency on Tuesday sharply cut its forecast for global oil demand for Continue Reading
Global oil demand growth is slowing at a faster pace than initially predicted. For 2016, a gain of 1.3 mb/d is expected – a downgrade of 0.1 mb/d on our Continue Reading
OPEC said Monday that crude-oil output from rival producers is turning out to be stronger than expected and will result in a bigger glut of petroleum than previously believed this Continue Reading
OPEC raised its forecast of oil supplies from non-member countries in 2017 as new fields come online and U.S. shale drillers prove more resilient than expected to cheap crude, pointing Continue Reading
Haftar’s forces seen using two ports for political leverage Facility had been scheduled for first shipment since 2014 Libya’s plans to restore oil production suffered a significant setback after forces Continue Reading
The agreement to resume exporting Kirkuk crude through the KRG-operated pipeline came after the appointment of a new Iraqi oil minister and a visit by KRG Prime Minister Nechirvan Barzani Continue Reading
More than $100 million was paid out to the Kurdish government as part of a production-sharing contract, struggling Gulf Keystone Petroleum said. The company said Monday it paid out $112.5 Continue Reading
Kirkuk conflict Baghdad has been discriminating against the province of Kirkuk in northern Iraq and has not been paying its dues for oil revenues since 2014, so there is no Continue Reading
U.S. held top spot since April 2014, according to IEA Output in U.S. has dipped by 460,000 barrels a day since May Saudi Arabia has retaken the position of the Continue Reading
A new high-speed railway (HSR) line between Zhengzhou, capital of central Henan Province, and Xuzhou in eastern Jiangsu Province started its operation on Saturday, making the total length of high-speed Continue Reading
