Expanding fuel shipments from the Persian Gulf will intensify competition from Europe to Asia, squeezing profits across the global refining industry and contributing to a looming glut of oil products. Continue Reading
Saudi Arabia, the world’s biggest oil exporter, moved to allay fears that the kingdom was backing away from its pledge to curb production, underlining its concern about a 10 per Continue Reading
The speaker of the parliament based in the eastern part of Libya says Russia has promised military assistance. House of Representatives President Agila Saleh told Russia’s state RIA Novosti news Continue Reading
Saudi Arabia told OPEC it raised output back above 10 million barrels a day in February, reversing about a third of the cuts it made the previous month. The kingdom Continue Reading
Iran will keep its oil production cap at 3.8 million barrels per day in the second half of 2017, the country’s oil minister said on Tuesday, provided other OPEC members Continue Reading
President Donald Trump met with Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman at the White House on Tuesday for a discussion that was likely to touch on investment opportunities Continue Reading
The Venezuelan government is investigating alleged corruption in a $1.3 billion contract between the state oil company and a private contractor co-founded by a Saudi prince, according to law-enforcement officials Continue Reading
China is ramping up controls on imports of low-quality coal due to concerns about smog and overcapacity in the world’s top coal consumer, a government official said on Wednesday, as Continue Reading
China’s stockpiling of crude oil appears to have increased in the first two months of the year, despite prevailing higher prices caused by OPEC and its allies curbing output. The Continue Reading
A flood of natural gas swamping the U.S. is turning into a global glut, sinking prices and dimming the hopes of American producers to export their way out of an Continue Reading
