OPEC’s Barkindo said to visit Iraq amid supply deal push U.S. stockpiles probably rose by 1.25 million barrels: survey Oil climbed with OPEC’s secretary-general set to visit Baghdad on Tuesday Continue Reading
A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Oil prices dipped early on Tuesday over disagreement within producer cartel OPEC on who should cut how Continue Reading
Oil prices dipped on Monday, with U.S. crude briefly falling below $50 per barrel, on news of the impending restart of Britain’s Buzzard oilfield and Iraq’s wish to be exempted Continue Reading
Offshore oil rig Another week kicks off with oil under the influence of OPEC and producer rhetoric. As prices fell below the psychological support at $50/bbl, hark, here are five Continue Reading
OPEC cuts shouldn’t be at Iraq’s expense: Minister Al-Luaibi Manufacturing, services PMI in euro zone beat expectations Oil traded near $50 as better-than-expected economic data in Europe countered Iraq’s demand Continue Reading
Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and Continue Reading
Oil consumption will stand at 87 million barrels per day by 2035, or 7 percent less than the current figures in the baseline scenario, according to the study conducted by Continue Reading
Global oil demand will rise by 1.2 million barrels per day (bpd) in 2017, steady from 2016 global demand growth levels, despite gains in Chinese consumption, the chief of the Continue Reading
About 500,000 solar panels were installed every day last year as a record-shattering surge in green electricity saw renewables overtake coal as the world’s largest source of power capacity. Two Continue Reading
Gearing up for a tough confrontation with OPEC next month, Iraq says it won’t cut oil production and if OPEC wants to impose production limits, it will only agree to Continue Reading
