Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future Continue Reading
A group of some of the world’s biggest crude producers said they would keep a tight grip on output for the rest of the year, and perhaps into next, capitalizing Continue Reading
It could be another week before Libya is able to resume gas exports to Italy as work to complete planned maintenance at key offshore gas fields continues, sources close to Continue Reading
The global market has the capacity to absorb higher oil prices, Minister of Energy, Industry and Mineral Resources Khaled Al-Faleh has said. Faleh’s statement at a meeting of oil producers Continue Reading
Iran’s feud with the US is set to get worse after Tehran announced yesterday that it will start reporting foreign currency amounts in euros rather than US dollars, as part Continue Reading
All OPEC and non-OPEC oil producers including Russia are committed to supply cuts until the end of the year, UAE Energy Minister Suhail Mohamed al-Mazrouei said on Monday. UAE’s Oil Continue Reading
European leaders are exploring further sanctions on Iran over its ballistic missile programme and regional meddling, as well as more extensive inspection of its atomic sites as they try to Continue Reading
Saudi Arabia is rumored to want oil prices at $100 per barrel , but if prices rise that high, it could sow the seeds of the next downturn. Saudi officials Continue Reading
It looks like a bombshell. A long story about what could be the last biggest oil discovery is taking place in Sudan in the newly tapped block-25, better known as Continue Reading
Resurgent state sector risks worsening trade tension with U.S. State controls 67% of steel capacity, 80% of coal: analyst President Xi Jinping’s big push to curb pollution and excess capacity Continue Reading
