Ten years after oil peak, what has changed?
July 11, 2008 was an unforgettable day for the oil industry. The price of West Texas Intermediate — a grade of crude oil used as a benchmark in oil pricing Continue Reading
Trump Considers Tapping US Oil Reserve as Prices at the Pump Rise
The Trump administration is actively considering tapping into the nation’s emergency supply of crude oil as political pressure grows to rein in rising gasoline prices before congressional elections in November, Continue Reading
Why Nuclear Energy Is Critical For Russia
As the world’s largest natural gas and oil producer and exporter, Russia plays an important role in setting the global geopolitical agenda. The recent agreement with OPEC is evidence of Continue Reading
Ireland to move oil reserves from UK over Brexit: Sunday Independent
The Irish government is planning to move 200,000 tonnes of its oil reserves from Britain as part of its Brexit preparations and will sign off on the move this week, Continue Reading
Oil Retraces On Libyan Production Surge
Oil prices held steady after Wednesday’s steep selloff, with the return of Libyan supply keeping prices in check despite reports of a tight global market. Join the world’s largest energy Continue Reading
Oil Inched Higher on Continued Supply Uncertainty
Oil prices ticked higher Friday, as traders weighed a slew of mixed supply signals from the week and awaited further figures that could shift projections for a market deficit. Light, Continue Reading
Oil rises but declines for the week as supply concerns ease
Oil prices rose about 1 percent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan Continue Reading
World’s Oil Cushion Could Be Stretched To The Limit, IEA Warns
The world’s oil supply cushion could be stretched to the limit due to prolonged outages, supporting prices and threatening demand growth, the International Energy Agency said on Thursday. The expected Continue Reading
Kurds In Syria Share Oil With Government As Part Of A Deal
Kurds in Syria are sharing part of the oil pumped at oil fields with the Syrian government under a recently signed deal that is working, Russian news outlet Sputnik reported Continue Reading
Iraq Set To Boost Oil Output After Bai Hassan Restart
Satellite surveillance shows that production has fully resumed at the Bai Hassan field in Iraq. The field is part of a complex of oilfields in Northern Iraq that were shut Continue Reading