A Bearish September For Oil
The recent gains in WTI and Brent were a treat for investors and a boon for oil bulls. The original catalyst for this most recent rally was a bullish inventory Continue Reading
Oil falls more than 1 percent as storm fears ease, demand concerns mount
Oil prices fell more than one percent on Wednesday after a U.S. Gulf storm weakened and moved away from oil-producing areas and as concerns mounted about global trade disputes and Continue Reading
EIA’s Latest USA & World Oil Production Data
These first charts are taken from the EIA’s Monthly Crude Oil and Natural Gas Production . The data are through June 2018 and is in thousand barrels per day. US Continue Reading
Business leaders warn of lack of progress on emissions
The world is not making nearly enough progress in reducing greenhouse gas emissions to achieve the goals for limiting global warming agreed at the Paris climate summit in 2015, a Continue Reading
OPEC crude oil production rises to 32.89 mil b/d in Aug as cuts unwind: Platts survey
OPEC’s crude oil production in August, not including newest member Congo, rose to a 10-month high, with Iraq surging to record output and Libya recovering from militia fighting, more than Continue Reading
Iran Says Europe Looks To Open Bank Accounts To Deposit Iranian Oil Income
Europe is looking to open bank accounts in Europe for Iran to deposit oil revenues and secure Iranian oil exports, Iranian media quoted Deputy Foreign Minister Abbas Araqchi as saying. Continue Reading
UAE Ramping Up Oil Production To 3 Million Bpd
The United Arab Emirates (UAE) is ramping up production at a newly operational offshore field, aiming to boost its total output to around 3 million bpd, S&P Global Platts reported Continue Reading
Saudi Arabia aims to keep crude in $70 to $80 band: sources
Saudi Arabia wants oil to stay between $70 and $80 a barrel for now as the world’s biggest crude exporter strikes a balance between maximizing revenue and keeping a lid Continue Reading
Iraq Is Facing A Major Internal Crisis
Iraq continues to head towards a major showdown between the two main political rival blocks, led by Prime Minister Al Abadi and former PM Al Maliki. Both are currently in Continue Reading
Interview: Equatorial Guinea warns of African asset grab by oil majors
The return of oil majors to African exploration projects as upstream spending recovers threatens to slow down, rather than accelerate, the pace of new finds in the region, Equatorial Guinea’s Continue Reading