Oil prices were steady on Friday, supported by traders placing new hedges in the futures market in anticipation of a decline in U.S. crude inventories, but held back from advancing Continue Reading
Oil prices strengthened Thursday, with U.S. crude gaining nearly 2 percent after traders saw an industry report suggesting domestic crude stockpiles would soon decline again after a surprise rise in Continue Reading
U.S. sanctions on Iran and other supply-side pressures could erase nearly 1 million barrels of production per day this year and next, a report published Thursday found. The Westwood Global Continue Reading
The Iraqi Oil Ministry reported total crude oil exports for July at around 3.5 million barrels per day, relatively unchanged from June. The ministry reported total exports from July brought Continue Reading
The past year has witnessed a more out in the open proxy war between the two grow in Syria, but the role of both in Yemen has been more obscured: Continue Reading
The war of words between the United States and Iran has been heating up as the return of U.S. sanctions threatens to take more than 1 million bpd of Iranian Continue Reading
The United States believes Iran has started carrying out naval exercises in the Gulf, apparently moving up the timing of annual drills amid heightened tensions with Washington, U.S. officials told Continue Reading
Ahead of the return of the U.S. sanctions on Iran, India’s state refiners boosted their Iranian oil purchases, pushing up Indian oil imports from Iran by 30 percent from June, Continue Reading
Indian state-owned upstream company Oil & Natural Gas Corp. said Thursday that its crude production during the April-June quarter registered a 3.5% year on year fall to 6.2 million mt Continue Reading
As the economic crisis continues to deepen, Venezuela’s President Nicolas Maduro is promising a new policy on gasoline (the world’s cheapest)— which is currently generously subsidized by the socialist regime. Continue Reading
