Russia’s Energy Minister Alexander Novak addresses a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, December 10, 2016. Russian Energy Minister Continue Reading
Crude prices rose, driven by signs of the market tightening after major oil producers agreed to cut output and by weakness in the U.S. dollar. U.S. crude prices settled up Continue Reading
A slight gain in the Chinese economy followed by a week of data supporting market balance sentiments lifted crude oil prices early Friday. Crude oil prices moved in volatile territory Continue Reading
The number of active oil and gas rigs in the United States increased on Friday by 35 for a total of 694 active rigs, according to oilfield services provider Baker Continue Reading
Hedge funds rushed to place bullish wagers on U.S. crude oil last week, boosting it to the highest levels since mid 2014, data showed on Friday, as prices rallied on Continue Reading
Oil was flat this week as rising U.S. shale production and a bearish inventory report continued to put pressure on WTI and Brent. Crude oil inventories rose by another 2.4 Continue Reading
No compatible source was found for this media. OPEC’s Barkindo: ‘So Far, So Good’ on Production Cut Deal Representatives of OPEC and several other major oil producers will start arriving Continue Reading
Saudi Arabian Energy Minister Khalid al-Falih said on Friday that 1.5 million of an agreed upon 1.8 million barrels per day (bpd) of oil had been taken out of the Continue Reading
Venezuela’s economy has collapsed. Unfortunately, most people mistakenly believe Venezuela’s policies created a successful economy prior to the collapse in oil prices. The truth is that Venezuela’s socialist policies held Continue Reading
For one brigadier in Iraq’s elite Counter Terrorism Service (CTS), the final stage of liberating the eastern half of Mosul was personal: he could rescue his relatives. On Wednesday, as Continue Reading
