Oil Prices Hold Gains on Tighter U.S. Stocks, Global Supply
Crude prices rose Monday, holding on to robust gains made last week on tighter stocks in the U.S. and perceived risks to global supply. U.S. crude futures rose 29 cents, Continue Reading
Oil prices inch higher on U.S. rig count decline
Crude oil prices started Monday in positive territory, continuing from last week’s rally as shale producers in the United States showed a bit of a pullback. The bulls were running Continue Reading
Analyst asks if herd mentality will drive oil prices off the cliff
A perfect storm of geopolitical risk and severe weather in the United States helped drive oil prices close to $70 per barrel, but will it last, an analyst asks. A Continue Reading
Five oil market myths that need dispelling
The oil market has come to be defined by several narratives over the past couple of years: market rebalancing, OPEC versus shale, Russia’s delicate relationship with OPEC, OPEC’s conformity with Continue Reading
4 Factors That Could Derail The OPEC Deal
OPEC and its Russia-led non-OPEC allies in the deal managed to stay together for a full year of high compliance with the oil production cuts and have agreed to extend Continue Reading
OPEC won’t react to small, short-lived oil supply disruptions
OPEC is monitoring unrest in Iran as well as Venezuela’s economic crisis, but the group will only boost output if there are significant and sustained production disruptions from those countries, Continue Reading
Total OPEC production up slightly in December
Though Venezuelan oil production is lower than it’s been in more than a decade, its fellow OPEC members picked up the slack, a market survey found. A survey of production Continue Reading
Iraq calls for swift refinery implementation
Iraqi oil ministry said a Maysan oil refinery contract should be executed within the next 30 days. File photo by Oskari Porkka/Shutterstock Jan. 8 (UPI) — The implementation of an Continue Reading
Iraq Bans Kurdish Firm From Operating Kirkuk Oil Fields
After Iraq’s federal forces recaptured the oil fields in Kirkuk in October, the Iraqi Parliament voted on Monday to ban Kurdish engineering company Kar Group from operating Kirkuk’s oil fields. Continue Reading
Goldman Sachs And Citi To Lead Saudi Aramco IPO
U.S. investment banking giants Goldman Sachs and Citi are lined up to lead the initial public offering (IPO) of part of Saudi Aramco, according to reports. The Saudi state-owned oil Continue Reading