Sample bottle of crude oil are seen in this illustration photo June 1, 2017. Crude oil futures on Friday were on track for their biggest weekly gain since mid-May, ending Continue Reading
Production declined by 100,000 barrels a day last week: EIA Gasoline inventories fall; crude stockpiles unexpectedly rise Oil rose for a sixth day, its longest run of gains since April, Continue Reading
While all eyes are riveted on how much U.S. shale output is undermining OPEC’s production cuts and any oil price gains, other non-OPEC producers are also increasing crude production, and Continue Reading
If you apply the insights of the literature on disruptive innovation, last week’s fall in oil prices could well place members of the Organization of Petroleum Exporting Countries in a Continue Reading
Just a month has passed since OPEC rolled over the production cuts, but the still high inventories and the latest drop in oil prices have renewed comments, rumors, and possibly Continue Reading
Power plants in Diyala and Baghdad are running tests on newly flowing Iranian gas, but security problems and payment terms remain unresolved. The Mansuriya power plant in Diyala province, near Continue Reading
Has Saudi Arabia’s brinkmanship and heavy-handed policies of intervention in the Middle East come back to haunt the desert kingdom? After decades of playing the role of middle man between Continue Reading
Libyan oil production is fluctuating between 950,000 barrels per day (bpd) and “close to” 1 million bpd, rising from around 935,000 bpd earlier this week, a Libyan oil source with Continue Reading
The OPEC deal is in crisis. All oil price gains derived from the 1.2 million-barrel cut’s initial announcement and implementation have been wiped out, and No. 1 OPEC producer Saudi Continue Reading
Russia’s state-controlled oil company is in discussions with Iraqi Kurdistan over helping it develop oilfields in disputed territory at the heart of tensions with Baghdad, in a move that pitches Continue Reading
