Driving trends and gasoline and diesel consumption are among the biggest factors propelling the price… Surging demand from drivers in the richest countries helped power a big rally in crude Continue Reading
Government to review thousands of contracts worth $69 billion Ministries could be merged or eliminated under plans Saudi Arabia is intensifying efforts to shrink the highest budget deficit among the Continue Reading
After stating its intention to move to northern waters, Norwegian energy company Statoil said it strengthened its grip on Barents Sea assets. The Norwegian energy company said it reached an Continue Reading
One of Russia’s two sovereign wealth funds had its biggest drop of the year in August, underlining the urgency of bringing the deficit under control as the budget gap remains Continue Reading
The following is a summary of our recent interview with Art Berman, which can be listened to in full on our site here or on iTunes here . There’s a Continue Reading
Saudi minister says no need for production freeze right now Russia ready to join agreement, energy minister says Oil traded near $45 a barrel as talks between Russia and Saudi Continue Reading
Crude prices extended gains on Tuesday, buoyed after top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but a lack of immediate action to rein Continue Reading
Saudi minister says no need for production freeze right now Russia ready to join agreement, energy minister says Oil traded near $45 a barrel as talks between Russia and Saudi Continue Reading
Crude prices inched down on Monday in Asia, paring 3 percent gains in the previous session amid worries over a global oil glut. London Brent crude for November delivery LCOc1 Continue Reading
Oil prices have continued to languish below $50 per barrel as a glut of crude oil and gasoline persist even as global demand continues to rise. The IEA still predicts Continue Reading
