Analysts at Raymond James invoked one of US President Donald Trump’s favorite phrases to explain oil’s descent into a bear market. (Bloomberg) — Analysts at Raymond James invoked one of Continue Reading
The world’s leading economies are skewing their financial strength toward fossil fuels even as the rhetoric shifts to renewables, environmental groups said. More than 20 heads of state and government Continue Reading
Ships chartered by two oil traders responsible for a significant share of Iran’s fuel exports last year failed to transmit their location and the origin of their cargo—red flags for Continue Reading
A month ago, oil prices appeared to be higher than they should have been, with weak demand, elevated inventories, and a recognition that the nine-month OPEC extension would be inadequate Continue Reading
OPEC June crude oil output 32.49 mil b/d, up 220,000 b/d from May: Platts survey OPEC almost 600,000 b/d above ceiling, with Equatorial Guinea Rises in Libya, Nigeria, Saudi Arabia Continue Reading
Four Arab states refrained on Wednesday from slapping further sanctions on Qatar but voiced disappointment at its “negative” response to their demands and said their boycott of the tiny Gulf Continue Reading
FILE PHOTO: General Khalifa Haftar, commander in the Libyan National Army (LNA), leaves after a meeting with Russian Foreign Minister Sergei Lavrov in Moscow, Russia, November 29, 2016. REUTERS/Maxim Shemetov/File Continue Reading
Libyan forces in the country’s east say they have cleared the final remaining pockets of the city of Benghazi of Islamist militiamen and armed opponents. The head of the self-styled Continue Reading
Invitations have been sent out to verified companies to take part in the development of the inland Azadegan oil field, Iran’s oil minister said Wednesday. Iran shares borders with Iraq Continue Reading
The four Arab states that have imposed an extraordinary embargo on Qatar, on Wednesday lambasted Doha for its “negative” response to their demands in a sign that the month-long diplomatic Continue Reading
