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
The tentative deal that OPEC agreed to in Algeria last week has been met with a lot of skepticism , both because it might be difficult to finalize and because Continue Reading
U.S. oil prices rose to a three-month high Monday on renewed optimism of an OPEC-production deal. Light, sweet crude for November delivery settled up 57 cents, or 1.2%, at $48.81 Continue Reading
Market sentiment prevailed over analyst pessimism to carry a rally sparked by the latest maneuvering from OPEC into the first trading day for October. Crude oil prices are up more Continue Reading
A surfer takes advantage of large waves caused by hurricane Irina which is sitting some 200 nautical miles (370 km) off Durban, March 5, 2012. The global shipping industry is Continue Reading
Iran’s total crude oil and condensate sales likely reached around 2.8 million barrels per day in September, two sources with knowledge of the matter said, nearly matching a 2011 peak Continue Reading
The North Oil Company of Iraq lost a high-level staff member Monday evening when a group of unidentified militants gunned him down in Kirkuk, according to a police official quoted Continue Reading
NIOC to join local companies in $2.5 billion Yaran oil project Country seen a winner after missing ‘big party’ on sanctions Iran, fresh from an OPEC meeting where it won Continue Reading
Shuttle diplomacy by the United States’ envoy to the anti-Islamic State coalition brokered an oil deal between Iraq and its Kurdish region vital to a climactic battle with the jihadists, Continue Reading
Libya’s oil production rose to 500,000 barrels a day and will further advance by the end of the month as the holder of Africa’s largest crude reserves was exempt from Continue Reading
