Oil prices rose for the second consecutive day on Wednesday after U.S. government data showed domestic crude inventories fell to their lowest since February 2015, easing worries about oversupply that Continue Reading
An official of the International Energy Agency said Tuesday that the U.S. can’t increase oil production significantly enough to lower prices this year, and will have to depend on the Continue Reading
United States threats to throttle Iran’s international oil trade can be easily answered, the head of the elite Revolutionary Guards said on Wednesday, according to the Tasnim news agency. U.S Continue Reading
Iranian officials have suggested that they could shut the Strait of Hormuz if the U.S. moved to completely disrupt Iranian oil exports, a dire scenario that would present a supply Continue Reading
Tensions between the United States and Iran continue to rise, with U.S. President Donald S. Trump issuing a threatening tweet against Iran’s President Hassan Rouhani amidst preparations to re-impose sanctions Continue Reading
As Iraq suffers a crisis of public confidence in its May 12 election results, evidence shows the election commission failed to act on detailed UN warnings about serious problems. Iraq’s Continue Reading
Saudi Arabia’s Energy Minister Khalid al-Falih said on Thursday that the world’s top exporter was “temporarily halting” all oil shipments through Bab El-Mandeb strait immediately, after an earlier attack on Continue Reading
Yemen’s Houthis attacked a Saudi oil tanker in the Red Sea, causing slight damage, an Arab coalition said on Wednesday, after the Houthis reported targeting a Saudi warship in the Continue Reading
The Nigeria National Petroleum Corporation (NNPC), on Wednesday pledged that more than five million jobs would soon be created to alleviate the unemployment levels in the country. The Group Managing Continue Reading
Tullow Oil had threatened over the weekend to shut down its oil wells in the Lokichar basin if the government does not act soon to remedy production, security, and transportation Continue Reading
