Oil prices fell on Tuesday, with Brent futures set for their biggest monthly loss in two years, as oversupply concerns rose after a Reuters survey showed OPEC output rose in Continue Reading
Iranian pressure and supply-side concerns surfaced before the opening bell on Monday to push the price of crude oil higher, after some profit taking last week. The price of oil Continue Reading
Oil prices rose on Monday, with U.S. crude futures jumping more than 2 percent, as traders continued to focus on supply disruptions and a possible hit to crude output from Continue Reading
Natural gas flaring from oil well [licensed under Creative Commons from Flickr user Sirdle] Most people buy electric cars to reduce oil consumption, but oil companies keep selling more oil Continue Reading
OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a Continue Reading
Expect more. That’s the verdict of climate scientists to the record-high temperatures this spring and summer in vastly different climate zones. The continental United States had its hottest month of Continue Reading
Production from an oil field in the Kurdish north of Iraq moved beyond its original target rate with the tapping of another well, Norway’s DNO said Monday. The company said Continue Reading
Iraq’s security troops have dispersed two sit-ins in southern Iraq, one at a key oil field, local media report . The field is West Qurna-1, one of the biggest in Continue Reading
Norwegian oil and gas operator DNO ASA said on Monday that it had put a fourth well into production at the Peshkabir oil field in Iraq’s northern region of Kurdistan, Continue Reading
Aramco is unlikely to suspend West-bound crude oil exports after the Houthi missile attacks against two Saudi tankers in the Bab el Mandeb strait, The National reports citing oil analysts. Continue Reading
