Oil prices rose nearly 2 percent on Wednesday, despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi Continue Reading
UNITED NATIONS (Reuters) – Iran vowed on Wednesday not to be the first nation to violate the Iran nuclear deal and said it did not expect the United States to Continue Reading
Oil supermajors rank among the biggest polluters in the world—a hardly surprising fact. In recent years, however, Big Oil has reduced its greenhouse gas emissions, in what may come as Continue Reading
The oil market has been awash in crude for more than three years, and OPEC has struggled to accelerate the rebalancing effort, but the world could be heading for a Continue Reading
When OPEC and its allies gather this week, they’ll have the best evidence yet that their efforts to clear a global oil glut are succeeding. It may prove short-lived. Crude Continue Reading
A decade’s worth of efforts to cut oil consumption in industrialized countries is at risk of being reversed, as low fuel prices boost demand and send motorists flocking back to Continue Reading
Nigerian fuel truck drivers have begun a strike, their union said Wednesday, triggering fears of a fresh shortage of oil products. In addition to seeking a pay rise and a Continue Reading
U.S. firm Chevron drilled its first exploration well this month in Iraqi Kurdistan after a two-year break, industry sources said, signaling its confidence in the area despite an international row Continue Reading
Russia, the only major power that has not called on Iraq’s Kurds to cancel a referendum on independence next week, has swiftly become the top funder of Kurdish oil and Continue Reading
Rarely does one see such a multi-faceted move as Rosneft declaring it will build a $1 billion pipeline bringing gas from Iraqi Kurdistan to Turkey. The 30 BCm/year pipeline would Continue Reading
