Iraq has begun implementing measures to reduce national oil output in keeping with an OPEC decision, the oil minister said on Thursday. “Iraq affirms its commitment to the OPEC decision Continue Reading
Apart from trying (and managing) to talk up oil markets in recent months, Saudi Arabia has been stoking investment banks as well with the plan to sell 5 percent of Continue Reading
Rex Tillerson has never held a government position, but he does have a long track record of conducting foreign policy as the leader of ExxonMobil – one of the largest Continue Reading
Nigeria may be on the path to becoming self-sufficient in the production of petroleum products, as the Federal Government expects to increase the country’s refining capacity from 445,000 barrels per Continue Reading
Nigeria’s state oil company said more than 30 companies, with nearly half of those foreign entities, have received one-year term contracts for crude oil. The Nigerian National Petroleum Corp. awarded Continue Reading
Nigeria’s crude oil exports are on track to edge higher in February, due in part to deferred January cargoes, loading program compiled by Reuters showed on Wednesday. The loading program Continue Reading
President Nicolás Maduro reshuffled his cabinet Wednesday amid a deepening recession, appointing a state governor to the vice presidency and naming his sixth new economy minister in three years. In Continue Reading
Myanmar’s oil imports are surging to fuel a fast-growing economy and rebuild rotting infrastructure, creating a small but profitable route for ships making a beeline for the emerging southeast Asian Continue Reading
U.S. natural gas prices plunged on Tuesday amid forecasts that temperatures will be average or higher across most population centers by the middle of January. Earlier forecasts had predicted colder Continue Reading
Fear and trembling over the return of oversupply in natural gas The new year started off terribly for one of 2016’s best-performing commodities, reinforcing fears that have lingered over the Continue Reading
