Russia Boosts Global Oil Supply
The world’s oil supply expanded in July on the back of surging Russian crude production, the International Energy Agency said Friday, in a concrete sign of the unraveling of a Continue Reading
The tightening vice of US sanctions on Moscow
To the perhaps mutual chagrin of Vladimir Putin and Donald Trump, the Russian and US leaders’ chummy summit in Helsinki last month appears to have backfired. Instead of a thaw Continue Reading
Oil regains some poise after three percent drop
Oil inched up on Thursday, paring some of the previous day’s steep price slide, after the first round of U.S. sanctions against Iran came into effect, although confidence in crude Continue Reading
Oil tumbles on slowing Chinese demand, U.S.-China trade spat
Oil prices slid about 3 percent on Wednesday as a trade dispute between the United States and China escalated further and after Chinese import data showed a slowdown in energy Continue Reading
Trade tensions catch up to oil prices
Trade tensions are catching up to the price of oil, snapping a streak of steady gains for crude on Wednesday. File Photo by John Angelillo/UPI | Aug. 8 (UPI) — Continue Reading
Iran says OPEC may need extraordinary meeting over output changes
Iran’s oil minister said OPEC may need to hold an extraordinary meeting should the organisation of oil producers fail to prevent member countries from adjusting their crude production without approval, Continue Reading
Revival of Sanctions Delay China, Russia Oil-Field Deals in Iran
China, Russia and India say they will continue to buy petroleum from Iran, despite U.S. sanctions that would prohibit those sales, although banking difficulties are hampering their ability to invest Continue Reading
Insurgency continues targeting energy infrastructure
Militants of the self-proclaimed Islamic State (IS) group are continuing their grinding campaign of guerrilla warfare, as under-resourced security forces struggle to control a band of volatile territory across northern Continue Reading
Discrepancy Over Saudi Oil Data Could Rattle Markets
Saudi Arabia has pressed independent energy analysts to alter their estimates of its oil production, people familiar with the matter said, a move that could put it in conflict with Continue Reading
Iran: OPEC Committee Tried To Redistribute Oil Quotas
Iran is calling out the joint OPEC/non-OPEC committee tasked with monitoring the collective production deal, saying that the committee tried to redistribute oil production quotas among some OPEC members or Continue Reading