Oil prices dipped on Monday after a rising rig count in the United States pointed to higher production there, but markets held near their highest in over three years and Continue Reading
Oil prices have risen as high as $75 a barrel for the first time in four years. But what has driven the rally and will it continue? Here are the Continue Reading
Andurand says on Twitter lack of investment risks price spike Higher prices aren’t a threat to the economy, Andurand says Pierre Andurand, one of oil’s most prominent hedge fund managers, Continue Reading
The term “demand destruction” is again entering the lexicon of the current crude oil market as the sharp rise in prices raises concerns about when do consumers start cutting back Continue Reading
Nigerian Petroleum Development Company (NPDC), a subsidy of the Nigerian National Petroleum Corporation (NNPC) will push daily production of crude oil to half a million barrels, emerging as the country’s Continue Reading
India is one of the world’s largest oil consumers, accounting for around 4 percent of global consumption. Only the U.S. and China outrank India in this regard, making it a Continue Reading
Mexico state oil company Pemex expects to close 2018 by producing 1.98 million b/d of crude oil, 140,000 b/d more than March’s reported production, allowing it to achieve its annual Continue Reading
The Cuban government has signed off on an environment license that could pave the way to drilling for oil onshore, an Australian energy company said. Melbana Energy Ltd., which changed Continue Reading
The dollar is rallying again after floundering for most of the past year, another sign that global growth momentum may be shifting back to the U.S. and away from other Continue Reading
China’s new oil futures contract is gaining some momentum as a fixture on the global oil market, although hurdles remain before it can become a key benchmark for Asia. China Continue Reading
