Oil fell for the first time in four days as an increase in U.S. drilling activity fanned speculation that OPEC production cuts could revive output in North America. Futures slid Continue Reading
Oil prices fell early on Monday as Iran increased exports undermining efforts by other oil producers to curb a global fuel supply overhang and as U.S. drillers increased activity for Continue Reading
In January 2016, the Islamic Republic of Iran (IR) agreed to scale back its nuclear facilities in exchange for the lifting of economic sanctions. During the sanction years, it had Continue Reading
Iraq’s oil exports from its southern ports in the Gulf reached a record high in December, just before the country was due to join other major producers in cutting output Continue Reading
Oil producers from Saudi Arabia to the United Arab Emirates are complying with production cuts promised last year to stabilize the market, Kuwait’s governor to the Organization of Petroleum Exporting Continue Reading
Iraq’s oil minister says crude oil exports from the country’s southern ports inched up last month. Jabar Ali al-Luaibi says the exports for the first time stood at 3.510 million Continue Reading
China has set its energy consumption annual growth target at averaged 2.5% during over 2016-2020, 1.1 percentage points slower than the 3.6% in 2011-15, according to the country’s newly released Continue Reading
She is just a frightened mom, worrying if her son will survive, and certainly not fretting about American politics — for she has never heard of either President Obama or Continue Reading
Tesla fired up the gigafactory in the first week of 2017, which could mark a turning point for the energy storage industry. The gigafactory in Nevada will begin mass production Continue Reading
The ‘lower for longer’ oil price reality of the past two years has spared virtually no one in the industry, and the UK’s oil and gas companies have been among Continue Reading
