Rosneft increased its crude oil production by 70,000 bpd over the last two days, the company told investors, in preparation for an OPEC+ decision to start easing production quotas, Bloomberg Continue Reading
The European Commission said it was backing an effort to take the global lead in environmental and climate action with a call for increased financing. “The European Union is a Continue Reading
Fiat Chrysler will phase out diesel engines in its passenger cars sold in the EMEA (Europe, Middle East, Africa) market by 2021, according to company executives presenting at FCA Capital Continue Reading
US oil prices are falling well behind their international rivals, as booming shale production has created pipeline constraints, driving the biggest discount to North Sea Brent in three years. On Continue Reading
To be sure, oil prices have declined everywhere over the past week on news that OPEC and Russia might agree to lift production levels. But regional differences are wreaking havoc Continue Reading
NEW YORK/LONDON (Reuters) – Global oil markets have been roiled by a surprising divergence between the world’s major benchmarks, Brent crude and its U.S. counterpart, which in recent days have Continue Reading
Benchmark indices for oil were in a widespread Thursday as U.S. oil inventories swell and global economic pressures intensify on the back of tariff concerns. U.S. President Donald Trump is Continue Reading
U.S. oil fell nearly 2 percent on Thursday, despite a larger-than-expected decline in U.S. crude inventories, while global benchmark Brent was little changed, pushing the spread between the two to Continue Reading
U.S. crude prices sank on Thursday after a brief rally in the previous session, but analysts say the recent slump in oil prices won’t last much longer. In the five Continue Reading
OPEC’s oil production dropped in May by 70,000 bpd to 32.00 million bpd on the back of outages in Nigeria and a continuous decline in Venezuela that dragged the cartel’s Continue Reading
