Oil prices dipped early on Friday and were not far off six-months lows as an ongoing supply overhang weighed on markets despite an OPEC-led effort to cut production and prop Continue Reading
Crude oil prices recover some lost ground in early Friday trading, though bearish sentiments are starting to settle in, analysts say. File photo by Monika Graff/UPI June 16 (UPI) — Continue Reading
Oil prices recovered somewhat in Friday’s trading session as markets reacted stoically on another rise in the U.S. rig count. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click Continue Reading
$100 oil is but a “pipe dream,” according to a new investor note by Wells Fargo. “ $100 per barrel oil remains a pipe dream” due to “massive overproduction, ” Continue Reading
Outdated supertankers are becoming the storage units of choice for commodity traders looking to take maximum advantage of the new oil price crater, according to a new report by Reuters. Continue Reading
At her new exhibition in Doha, Qatari artist Maryam Al-Semaitt explained to guests the central message of her latest work: what happens when great wealth is taken for granted. That Continue Reading
Geopolitical risks, as well as U.S. economic and energy sector influences, could undercut growth for Persian Gulf countries, the World Bank said. A World Bank report on the economies for Continue Reading
A coalition of Niger Delta militant groups rose from a meeting in Port Harcourt, Rivers State yesterday ordering all northerners to quit the oil-rich region. The militants threatened to attack Continue Reading
ExxonMobil said on Friday that it had made a final investment decision to proceed with the first phase of development of the Liza field offshore Guyana, which is expected to Continue Reading
A flare stack of the refinery of Mexico’s national oil company Pemex is seen in Cadereyta, Mexico, December 20, 2016. Mexico is looking forward to its next round of offshore Continue Reading
