At least three OPEC members disagree with Saudi Arabia and Russia on the need to pump more oil, OPEC sources said, complicating any official decision to boost supply just as Continue Reading
No single country speaks as the unified voice of OPEC as decisions must be made collectively, the Iranian oil minister said, according to state media. Members of the Organization of Continue Reading
After the handshakes, the signature ceremony and the diplomatic pomp of the historic meeting between President Trump and Kim Jong-un of North Korea, many Iranians could come to only one Continue Reading
Saudi Arabia’s oil minister is flying to Russia this week to discuss ways to manage an output boost both producers say they want to propose at an OPEC summit next Continue Reading
An Arab military coalition invaded Yemen’s main Red Sea port on Wednesday, threatening to worsen what is already the world’s most severe humanitarian disaster by disrupting the pipeline that millions Continue Reading
**China may offer US sanctions compliance for trade concessions **Chinese imports of Iranian crude up 6% from 2017 **Domestic banks, barter system may be used to evade sanctions China, Iran’s Continue Reading
An Arab coalition, led by Saudi Arabia and the UAE, have started their expected military assault on the Yemeni port of Hodeidah. This military operation will most probably decide the Continue Reading
Venezuela is considering refining foreign crude for the first time to produce fuels like gasoline or diesel, according to internal planning documents seen by Reuters on Wednesday, in the latest Continue Reading
U.S. Energy Information Administration, Petroleum Supply Monthly The United States exported 186,000 barrels per day (b/d) of jet fuel in 2017, the eleventh consecutive year of increasing gross jet fuel Continue Reading
But the good times for the teapots may be over as new tax rules have started to stifle their profit margins and could limit their purchases of crude oil, potentially Continue Reading
