Oil toils after worst month in a decade
Oil toiled at a more than one-year low after its worst month in a decade on Friday, while most major markets were keeping moves tight ahead of a weekend meeting Continue Reading
Oil falls as high inventories outweigh likely OPEC cuts
Oil prices slipped further on Friday as swelling inventories depressed sentiment despite widespread expectations that OPEC and Russia would agree some form of production cut next week. Both international oil Continue Reading
Oil Prices Rally As Russia May Be Joining The Cuts
Just a few hours after WTI Crude dipped below $50 , oil prices wiped out losses and started climbing on Thursday after reports that Russia has conceded that it needs Continue Reading
Saudi energy minister goes to OPEC with a weak hand: Kemp
Saudi Arabia’s energy minister, Khalid al-Falih, must play a bad hand of cards as well as he can at next week’s meeting of OPEC and non-OPEC oil producers in Vienna. Continue Reading
Qatar Looks To Revitalize Trade Amid Embargo
On November 7 Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, the deputy prime minister and minister of foreign affairs, announced that Doha was looking to expand trade and investment Continue Reading
Khashoggi’s Revenge: Is Saudi Arabia Becoming A Pariah State?
The U.S. Senate took a dramatic step on Thursday, moving to block U.S. involvement in the Saudi war in Yemen and sending a powerful message to Riyadh that the U.S.-Saudi Continue Reading
Taiwan Firm Stops Importing Iranian Oil Despite Waiver
Due to lack of a payment mechanism, Taiwanese firm Formosa Petrochemical will not be buying Iranian oil despite a U.S. waiver to do so, and will replace part of its Continue Reading
Petroperu dives deeper into debt as it pushes controversial refinery upgrade
A Peruvian state oil company said it has received $1.3 billion from lenders, in addition to $2 billion it previously obtained — and that it still plans to borrow $600 Continue Reading
U.S., China Exploring Deal to Ease Trade Tensions
New talks would focus on what both sides are calling trade “architecture,” a broad term that could encompass many issues the U.S. has wanted Beijing to address, including intellectual property Continue Reading
U.S. crude, natgas proved reserves hit record highs in 2017: EIA
U.S. crude oil and natural gas proved reserves rose to record highs in 2017, driven by stronger energy prices and the continuing development of shale formations, the U.S. Energy Information Continue Reading