The Oil Market Is Getting More Dangerous
The 4.2% plunge in U.S. oil prices Monday was the latest sign that the dynamics shaping the biggest commodity market have changed since the crude rally began. Last year, two Continue Reading
The Best And Worst Oil Price Predictions
If it’s not too high, it’s certainly too low—at any rate, it’s never just right, because the odds that a forecaster, of all the possible numbers available, picked exactly the Continue Reading
Iran Official Urges Trump Not to Use U.S. Strategic Oil Reserve
A senior Iranian oil official urged U.S. President Donald Trump not to use the nation’s Strategic Petroleum Reserve to push prices lower, and instead drop sanctions on Iran’s crude exports. Continue Reading
Iran asks Saudi Arabia to stick to OPEC agreements
Saudi Arabia is reminded of its obligations to production quotas outlined by an OPEC-led agreement brokered in late 2016, Iran’s oil minister said Monday. The latest survey from commodity pricing Continue Reading
Iran Urges Trump: Don’t Tap SPR To Lower Oil Prices, Drop Sanctions Instead
Iran is urging U.S. President Donald Trump not to tap the U.S. Strategic Petroleum Reserve (SPR) to bring oil prices down, but drop the sanctions against Tehran instead. A senior Continue Reading
As sanctions start to bite, Iran crude exports set to wilt
Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new U.S. sanctions, putting oil markets under huge strain amid supply outages Continue Reading
Political thaw could see Saudi-Kuwaiti Neutral Zone oil fields reopen by year-end: sources
Highlights Khafji, Wafra field capacity 500,000 b/d Officials seek to resolve remaining issues Return could stave off market shortage London — Saudi Arabia and Kuwait are making headway towards a Continue Reading
Iraq protests: Three killed as oil-rich southern regions rage over joblessness
A protester holds a sign that reads “We ask the decision makers to provide the things we are deprived of” during a protest in south of Basra, 16 July At Continue Reading
How unstable is Libya’s oil production?
After a relatively stable spell, Libya’s oil production has see-sawed again because of a standoff at eastern export terminals and the abduction of two workers at the giant Sharara oilfield. Continue Reading
Protesters at Iraq gas field demand jobs, better services
About 200 protesters gathered at the main entrance to Iraq’s Siba natural gas field on Monday, police sources said, following more than a week of unrest over poor services sweeping Continue Reading