Oil prices edged up on Wednesday, lifted by tensions in the Middle East and healthy demand, although rising U.S. output continued to weigh on markets. U.S. West Texas Intermediate (WTI) Continue Reading
Oil prices climbed to their highest level in three weeks on Tuesday as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the Continue Reading
Market participants are still using lower for longer oil price scenario as a base case. We explain why oil prices have to move to a level where the bull thesis Continue Reading
Saudi Aramco is negotiating the acquisition of a majority stake in a massive oil refining complex set to be built in the western Indian state of Maharashtra, India’s Economic Times Continue Reading
President Donald Trump on Tuesday praised his relationship with Mohammed bin Salman as he met the Saudi crown prince at the White House, pointing to growing arms sales to the Continue Reading
For the last three or four decades it would be very hard to imagine any sort of deep cooperation between Saudi Arabia and Russia. The two share a history fraught Continue Reading
Iraq’s oil production rose slightly in February, mostly due to increases at the country’s two most prolific fields, Rumaila and Zubair. Fields in federal Iraq and the autonomous Kurdistan region Continue Reading
With the world’s second-biggest proven reserves of oil, Saudi Arabia seems an unlikely aspirant to the nuclear-energy club. Yet the largest oil exporter plans to build at least 16 nuclear Continue Reading
After making an upward revision to the reserve estimate offshore Senegal, Australia’s FAR Ltd. said a final investment decision is expected next year. FAR Ltd. and its joint venture partners Continue Reading
U.S. Treasury Secretary Steven Mnuchin targets a petro currency that, according to a risk consultant group, only works in the mind of Venezuelan President Nicolas Maduro. Photo by Kevin Dietsch/UPI Continue Reading
