Russian Energy Minister Alexander Novak told Rossiya state TV that high oil prices are not beneficial to anyone, after the OPEC and non-OPEC group of oil-producing countries ruled out any Continue Reading
French oil and energy group Total said on Monday it had made a major gas discovery on the Glendronach prospect, located off the coast of the Shetland islands in the Continue Reading
Aurelio Peccei in 1969, when he was appointed the first president of the Club of Rome The Club of Rome is inextricably linked to the legendary report that it commissioned Continue Reading
Crude futures settled higher after a volatile session Friday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX November WTI settled up 46 cents at $70.78/b Continue Reading
Baker Hughes reported a loss of two rigs in the United States this week, bringing the total number of active oil and gas rigs to 1,053 according to the report, Continue Reading
Oil prices gained this week on outages in Iran and data showing demand from the United States in August was the highest since 2007. “Exports are already down quite a Continue Reading
OPEC and other oil producers are discussing the possibility of raising output by 500,000 barrels per day (bpd) to counter falling supply from Iran because of U.S. sanctions, a source Continue Reading
Saudi leaders face pressure from the United States to raise crude oil production. Photo by photostock77/Shutterstock Sept. 21 (UPI) — Saudi Arabian leaders find themselves in a tough spot going Continue Reading
An OPEC and non-OPEC monitoring committee found that oil producers’ compliance with a supply-reduction agreement reached 129 percent in August, two committee delegates said on Saturday. Compliance with the agreed Continue Reading
Iran’s Air Force and the Islamic Revolution Guards Corps began on Friday fighter jet drills over the waters near the world’s most important oil chokepoint, the Strait of Hormuz, Iran’s Continue Reading
