Oil fell on Wednesday, with rising U.S. fuel inventories pulling U.S. crude back below $50 per barrel, while ongoing high supplies from producer club OPEC weighed on international prices. U.S. Continue Reading
Oil extended its slide below $50 a barrel after an industry report was said to show U.S. crude inventories unexpectedly jumped. Crude stockpiles climbed by 1.78 million barrels last week Continue Reading
(Click to enlarge) (Click to enlarge) (Click to enlarge) Chart of the Week (Click to enlarge) • The EIA published a new report on global oil chokepoints, or narrow channels Continue Reading
The oil majors, by and large, have posted dramatically better financial figures for the second quarter, a sign that their cost reduction efforts are bearing fruit. They are no longer Continue Reading
The autonomous Iraqi region of Kurdistan has not been informed of plans by the central government that Iraq and Iran agreed to study the potential construction of a pipeline that Continue Reading
Saudis soon to choose foreign bourse for top oil exporter Hong Kong, Tokyo, Singapore, Toronto also vying for giant IPO Saudi Arabia aims to sell about 5 percent of Saudi Continue Reading
OPEC and other big oil producers are facing a new high-wire act: how to keep the oil market calm if they decide to lift their output curbs and ramp production Continue Reading
The line at the bank was two blocks long and Abdul bin Naji was once again praying for the doors to open. He desperately needed his $60. With Libya in Continue Reading
The four countries leading the boycott against Qatar are going back to their list of 13 demands for Doha to meet before talks can start, essentially reverting the Arab Gulf Continue Reading
Slight increase in independent KRG exports offsets small reduction in federal Iraqi exports. Loading arms at the terminal for Iraqi crude exports at the Turkish port of Ceyhan. (STAFF/Iraq Oil Continue Reading
