Saudi Arabia and Russia won’t add significantly more oil to the market because of a lack of capacity, a top Iranian official said on Monday, predicting prices will probably rise Continue Reading
Iranian President Hassan Rouhani on Monday warned the United States against pursuing hostile policies toward Tehran, saying preventing Iran from exporting oil would be “very dangerous”, though he did not Continue Reading
But Western officials say that the impact of any European measures is likely to be modest and that Tehran’s decision to stay in the pact after U.S. sanctions fully kick Continue Reading
The push aims to enlist support for 33-year-old Crown Prince Mohammed bin Salman and his vision, which includes a break with the religious zeal of the past. An image of Continue Reading
Saudi Arabia will boost its crude oil production in the coming months as it expects stronger demand, Oil Minister Khalid al-Falih said this weekend, as quoted by S&P Global Platts, Continue Reading
Libya’s oil production has hit its highest level since 2013, the chairman of the National Oil Corporation (NOC), Mustafa Sanalla, told Bloomberg in response to questions on Sunday. If the Continue Reading
India’s crude oil demand is forecast to grow to 500 million tonnes per year by 2040, but persistent increases in oil prices might act as a dampener for the rate Continue Reading
The United States is considering putting more pressure on Nicolas Maduro’s regime in Venezuela, U.S. Secretary of State Mike Pompeo recently said, and some analysts speculate that the increased pressure Continue Reading
Sao Paulo — Venezuela’s sole iron ore producer Ferrominera Orinoco put mine operations on hold at the end of last week as a result of a workers strike, market sources Continue Reading
China’s gasoline and gasoil exports rebounded in August after declining for two consecutive months since June, despite limited export quota availability, S&P Global Platts’ calculations based on latest General Administration Continue Reading
