Oil prices fell on Wednesday after a rise in U.S. crude inventories and ongoing high supplies from producer club OPEC revived concerns of a fuel supply overhang. Brent crude futures Continue Reading
Market anticipation over a possible slowdown in U.S. crude oil production and declining inventories overshadowed OPEC moves to lift oil prices early Tuesday. A report emailed from S&P Global Platts Continue Reading
The world oil market is taking longer than expected to rebalance but the glut should go by the end of March and OPEC need not take further action to curb Continue Reading
WASHINGTON (Reuters) – The Trump administration on Tuesday unveiled new economic sanctions against Iran over its ballistic missile program and for contributing to regional tensions, one day after warning Tehran Continue Reading
Coalition forces hit oil installations controlled by the group in Syria calling itself the Islamic State. U.S. Defense Department photo July 18 (UPI) — The fight against terrorism extended into Continue Reading
Iran is on track to reach a major national milestone this year, if the nation’s oil spokesmen are to be believed. On Wednesday deputy oil minister Amir Hossein Zamaninia predicted Continue Reading
Militants from the self-proclaimed Islamic State (IS) exchanged mortar fire with Iraqi forces guarding the Ajil oil field Tuesday – the latest indication that a renewed insurgency is threatening northern Continue Reading
Tuesday . Oil futures jumped up two percent in value after industry consultant Petroleum Policy Intelligence said the KSA had been considering lowering exports by a further 1 million barrels Continue Reading
As next in line to be king of Saudi Arabia , Mohammed bin Nayef was unaccustomed to being told what to do. Then, one night in June, he was summoned Continue Reading
Ecuador has broken ranks with fellow OPEC members as the South American country’s energy minister said it could no longer hold up its end of an agreement to cut oil Continue Reading
