Oil edged lower on Tuesday ahead of weekly data that is forecast to show a rise in U.S. crude inventories, although investor faith in OPEC’s ability to curtail production helped Continue Reading
Oil rose on Monday, hitting three-week highs, supported by strong U.S. demand and comments from Saudi Arabia that it would continue to curb production in line with OPEC-led efforts. Brent Continue Reading
Dow Jones Industrial Average touches highest since Feb. 1 Saudi oil chief points to 2019 demise of historic output caps Crude closed at a three-week high as booming stock markets Continue Reading
The oil price rally that began a year ago is at a crossroad. In February, WTI futures fell from a 3-year high of more than $66 to less than $60 Continue Reading
More than $200 billion of investment in liquefied natural gas is needed to meet a boom in demand by 2030, Royal Dutch Shell, the world’s top LNG trader, said on Continue Reading
Where will the world get its energy in 2100? A forecast this month showed the world might need 124 percent more energy in 2100, raising questions over where the capacity Continue Reading
In the long-term, many oil analysts expect the world to become increasingly dependent on oil production from the Middle East, as U.S. shale fades in importance. However, geopolitical turmoil is Continue Reading
An Iraqi-Iranian oil swap deal under which Iraq would truck 60,000 bpd of Kirkuk oil to Iran in exchange for Iranian oil to southern Iraq cannot be currently fully implemented Continue Reading
Iraq is in talks with Chevron Corp about the Majnoun oilfield, an Iraqi oil ministry official said on Tuesday. The official, Abdul Mahdi al-Ameedi, head of the ministry’s licensing and contracts Continue Reading
French oil major Total is interested in bidding to build the greenfield 150,000 barrels per day Nassirya oil refinery in Iraq, according to two sources familiar with the matter. The refinery Continue Reading
