$100 Oil Is Back On The Table
Only a week ago, news surfaced that Saudi officials were quietly hoping to push oil prices up to $80 per barrel , which would help boost the valuation of Saudi Continue Reading
Commodities rocket on $100 oil talk, metals stress
Talk that Saudi Arabia has its sights on $80-$100 a barrel oil again ignited a fierce rally in commodities and resource stocks on Thursday, though the potential boost to inflation Continue Reading
Oil at fresh highs on Saudi seeking price hike, U.S. stocks draw
Oil prices rose on Thursday to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters top exporter Saudi Arabia Continue Reading
OPEC members talk up higher oil prices, and up they go
Talk of higher oil prices usually sends oil prices higher, and the situation was supported Wednesday by a drain on U.S. crude oil inventories. A surprise draw on U.S. crude Continue Reading
Oil jumps 3 percent on Saudi price target, U.S stockpiles
Oil futures jumped nearly 3 percent on Wednesday on a decline in U.S. crude inventories and after sources signaled top exporter Saudi Arabia wants to see the crude price closer Continue Reading
Exclusive: OPEC’s new price hawk Saudi Arabia seeks oil as high as…
Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes Continue Reading
Libya eyes fuel marking, boat seizures, to counter fuel smuggling
Libya’s National Oil Corporation (NOC) is considering using a chemical marking system to help trace oil products smuggled out of the country, its chairman said on Wednesday. Mustafa Sanalla also Continue Reading
Iran sees Russia as natural energy sector partner
Iranian Minister for Oil Bijan Zanganeh sees the relationship with Russia blossoming as both countries face increasing economic pressure from the United States. File Photo by Maryam Rahmanian/UPI April 18 Continue Reading
Are Iran and Israel Headed for Their First Direct War?
Israeli soldiers taking part in a training session last week in the Golan Heights. SYRIA-ISRAEL BORDER, Golan Heights — Ever since the Iranian Islamic Revolution in 1979, Iran and Israel Continue Reading
Never mind OPEC – Brent oil market braces for Iran deadline
Oil investors are taking no chances that Iran’s nuclear deal with Western powers will remain intact next month. FILE PHOTO: A worker checks the valve of an oil pipe at Continue Reading