Saudi King Visits Japan, Seeks Help on Diversifying Economy
King Salman and hundreds of business leaders from Saudi Arabia are in Japan for talks Monday mainly expected to focus on economic ties. The visit is the first by a Continue Reading
Saudi deputy crown prince to meet Trump, investment in focus
Saudi Deputy Crown Prince Mohammed bin Salman attends a graduation ceremony and air show marking the 50th anniversary of the founding of King Faisal Air College in Riyadh, Saudi Arabia, Continue Reading
Iran leapfrogs Iraq as India’s no. 2 oil supplier in February: trade data
India’s oil imports from Iran rose nearly 17 percent in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an Continue Reading
Nigeria’s Proposed Sale of Oft-Bombed Oil Assets Won’t Be Easy
For sale: stakes in oil fields. Bids from world class energy companies preferred. Pipelines and terminals associated with the deposits only blown up about a dozen times in the past Continue Reading
Energy sector weighs rewards and risks of Trump presidency
ExxonMobil, the largest US oil group, proclaimed this week that it was creating more than 45,000 construction and production jobs by investing $20bn in petrochemical, refining and liquefied natural gas Continue Reading
Oil Extends Slide After Sharp Selloff
Oil prices continued to slide Friday on fears that coordinated production cuts won’t be enough to eliminate a glut of oil that has weighed on the market. U.S. crude futures Continue Reading
Oil Trades Down 1.6% As Baker Hughes Reports 12 Rig Gain In U.S.
This week’s Baker Hughes report shows the U.S. domestic oil rig count up eight sites this week, bringing the total to 617 active oil rigs – the highest since the Continue Reading
How Much Further Can Oil Prices Fall?
Oil prices fell nearly 8 percent this week as speculators rushed for the exit and closed near record long positions. (Click to enlarge) Friday, March 10, 2017 Oil prices awoke Continue Reading
Despite sanctions relief, Shell still cool on Iranian oil buys
Royal Dutch Shell has bought only three cargoes of Iranian oil since sanctions were eased a year ago, a small fraction of what it used to buy and an indication Continue Reading
Oil Ministry confirms February export decline
Iraq’s Oil Ministry released official export data for January and February on Thursday, confirming prior estimates by Iraq Oil Report suggesting that the country was reducing output in its effort Continue Reading