Tourists protect themselves from the rain under umbrellas in front of the Eiffel tower as they visit the French capital during summer holidays in Paris, France July 19, 2011. A Continue Reading
Norway is ratcheting up withdrawals from its $890 billion sovereign wealth fund to support a recovery as it foresees a continued slump for the nation’s petroleum industry. The government is Continue Reading
Oil prices rose towards $52 a barrel on Wednesday, hitting their highest level since June, supported by an industry report that U.S. inventories probably fell for a fifth straight week Continue Reading
U.S. crude inventory declined by 7.6 million barrels: API OPEC, non-OPEC deal could boost price $15 a barrel: Venezuela Oil climbed to a three-month high in New York, approaching $50 Continue Reading
Will OPEC’s Self-Imposed Limit Make a Difference? Last week OPEC surprised many (us included) by making a decision in favor of limiting production. Member states have agreed to a cull Continue Reading
Oil prices dipped early on Tuesday, weighed down by a rise in Iranian exports that adds to a global supply overhang, although a planned OPEC-led supply cut later this year Continue Reading
Oil pipelines The oil markets will have to wait almost two more months before the uncertainty surrounding the pending OPEC deal is settled, so in the meantime a renewed focus Continue Reading
Two bombings killed at least two people and wounded around a dozen others in the Iraqi capital of Baghdad on Oct. 4, police sources said, Rudaw reported. The attacks come Continue Reading
OPEC producers have their sights set on a sustained oil price of $50-$60 per barrel, a modest ambition for the first cut in supply by the oil exporting group in Continue Reading
Participation by non-OPEC countries in a deal to stabilize oil prices would remove a total of 1.2 million barrels per day from an oversupplied market, Venezuela’s Oil Minister Eulogio Del Continue Reading
