Nearly 200 tankers have left an oil field above the Arctic Circle in Russia that’s passed the production milestone of 35 million barrels, Gazprom Neft said. A subsidiary of Gazprom Continue Reading
WTI and Brent continued to tumble on Thursday, dropping to their lowest levels since the announcement of the OPEC deal back in November. Brent actually dipped below $49 per barrel, Continue Reading
Oil prices fell 3% over the course of a few minutes in midday Asian trading Friday, hitting their lowest level since a key production-cut agreement in November as traders lost Continue Reading
U.S. crude production rises in longest run of gains since 2012 Crude-price decline drags shares of energy companies lower Oil slid below $45 a barrel for the first time since Continue Reading
Oil prices fell to a five-month low Thursday, as investors have become increasingly skeptical of OPEC’s abilities to ease a global supply glut amid elevated U.S. crude production and inventories. Continue Reading
OPEC and non-OPEC oil producers look likely to extend their agreement to limit supplies beyond its June expiry to help clear a glut, three OPEC delegates said on Thursday, downplaying Continue Reading
American output has longest run of gains in more than 4 years Commodities tumble amid concern Chinese consumption to weaken The oil rally following OPEC’s deal has disappeared. Futures on Continue Reading
First quarter results mean current market conditions support a doubling of the amount of activity in Kurdish oil fields, a Norwegian energy company said. Norwegian oil and gas company DNO Continue Reading
The Iranian Offshore Oil Company will increase production at the Foroozan oil field, which Iran shares with Saudi Arabia, by 12,000 barrels daily, the company’s executive director told Iranian media, Continue Reading
Libya’s ongoing civil war, which has resulted in a hothouse environment for extremists, Da’esh supporters and regional coalitions, could be heading to a slowdown in activity. Arab media sources claim Continue Reading
