The administration of President Donald Trump wants to help allies replicate the U.S. natural gas and oil production boom by exporting American know-how, U.S. Energy Secretary Rick Perry said on Continue Reading
The most dramatic events in the oil market last week occurred in North America as opposed to OPEC’s get-together in Europe, according to Goldman Sachs Group Inc. The bank says Continue Reading
Judging from its series of consequential meetings last week in Vienna, OPEC seems to have confirmed that the rumors of its death have been greatly exaggerated. The important thing to Continue Reading
Iraqi Prime Minister Haider al-Abadi said on Wednesday that Iraq would cooperate with OPEC and non-OPEC states to maintain oil price stability and prevent further price hikes. OPEC states, Russia Continue Reading
Oil major Royal Dutch Shell has exited the Majnoon oilfield and handed over all its operations to the state-run Basra Oil Co., two Iraqi oil officials close to the deal Continue Reading
Sharjah, the second-most populous emirate in the UAE has been subjected to repeated power cuts in the past. ( Pawan Singh / The National ) For Stock Sharjah has launched Continue Reading
The United States has told countries to cut all imports of Iranian oil from November and is unlikely to offer any exemptions, a senior State Department official said on Tuesday Continue Reading
The US is pressing Iran’s oil customers to zero out their imports by November 4 and has no plans to issue sanctions waivers, a strategy that could spark an oil Continue Reading
Oil prices rose on Wednesday on a supply disruption in Canada, falling U.S. crude stocks, uncertainty over Libyan exports and after U.S. officials told importers to stop buying Iranian crude Continue Reading
The U.S. threatened to slap sanctions on countries that don’t cut oil imports from Iran to “zero” by Nov. 4, part of the Trump administration’s push to further isolate Tehran Continue Reading
