Oil prices firm on strong demand, political uncertainty in Syria
A motorist holds a fuel pump at a Gulf petrol station in London April 18, 2006. Oil prices were firm on Monday, supported by strong demand and political uncertainty in Continue Reading
Libya Biggest Oil Field Said to Shut for 2nd Time in Two Weeks
Libya’s biggest oil field was said to stop producing, just one week after it reopened, the latest in a series of disruptions in the country’s crude output. The pipeline carrying Continue Reading
Iran security body reviewing new IPC oil contracts: minister
DUBAI Iran’s top security body is still reviewing the Iran Petroleum Contract (IPC) model, Oil Minister Bijan Zanganeh was quoted as saying on Sunday, as the contracts aimed at attracting Continue Reading
Niger Delta Diplomacy At Work: Oil Production Recovers In Nigeria
Nigerian President Muhammadu Buhari’s nascent campaign to negotiate with separatists in the oil-rich Niger Delta has proven to be more effective in restoring oil output to pre-conflict highs than his Continue Reading
Shale Hotspot Draws In Another Big Oil Player
The oil price crash that destroyed a lot of smaller oil producers has not spared the finances of even the oldest and largest oil companies. Trying to keep the precious Continue Reading
The U.S. Rig Count Is An Over-Rated Indicator Of Future Oil Prices
The Baker Hughes North American Rotary Rig Count wallowed in relative obscurity among the world’s business writers for decades. The Hughes in Baker Hughes is the original Hughes Tool Company, Continue Reading
More Refineries Must Be Part of U.S. Energy System
Sadly, American policymakers are focused on the wrong thing when it comes to petroleum. For the benefit of American consumers and the nation as a whole, the emphasis should not Continue Reading
Summer Driving Expectations Get Oil Investors Excited Again
Summer may be a few months away but oil investors are already getting their hopes up that American drivers will do their part to rebalance the market. Hedge funds increased Continue Reading
Fixing Russia’s Growth for Economists Takes One Ruble at a Time
The ruble’s “ serious weakening ,” as forecast by Russia’s Economy Ministry, may be seriously good for growth. While the authorities in Russia have wavered this year over the benefits Continue Reading
Conflict-surge in oil prices fades on rig, labor figures
An overnight surge in crude oil prices moderated in the hour before the start of U.S. trading Friday with rig counts and labor figures putting a lid on the rally. Continue Reading