Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a push to rein in global Continue Reading
Oil prices could fall again by the end of the year due to a rapid increase in U.S. shale production, the chief executive of French oil and gas giant Total Continue Reading
Oil is trying to recover after yesterday’s shellacking, but oversupply fears still remain. As rumors and murmurs circulate about an extension to the OPEC production cut, hark, here are five Continue Reading
Oil opened the last day of a choppy trading week on a cautious note over doubts that an OPEC-led production cut was having the desired effect of restoring balance to Continue Reading
Bank says recent selloff in prices driven by technical reasons Goldman sees pace of U.S. inventory declines as encouraging Goldman Sachs Group Inc. says there’s no fundamental evidence in the Continue Reading
OPEC supply management yet to work as producer group intended Brent is benchmark for more than half the world’s crude oil The Brent physical oil market is flashing signs of Continue Reading
Saudi minister says producers haven’t met goal for inventories Gulf Arabs agreed; Iran, Venezuela show support: Oman minister A number of major crude-producing countries reached an initial agreement to extend Continue Reading
OPEC continues to make progress on cooperation as they close in on an agreement to extend their production cuts for another six months. On April 20, several top OPEC officials Continue Reading
El-Feel deposit has yet to resume output due to power outage Field known also as Elephant has 80,000 barrel-a-day capacity Libya’s El-Feel oil field, operated by a venture between Eni Continue Reading
Quite suddenly, there is remarkable oil industry news to come out of the East Mediterranean region. If the plan is executed, in the space of seven years the balance of Continue Reading
