Oil plunges 6 percent as economic slowdown fears grip market
Oil prices plunged more than 6 percent to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic Continue Reading
Argus Remains Bullish On Oil As Prices Plunge Below $45
Although the oil market will remain oversupplied in the first quarter of 2019, the OPEC+ producer cuts will start to work in the second quarter and gradually rebalance the market Continue Reading
World oil crisis looms as supply levels under threat
Oil prices continued their decline last week, with the market adversely affected by global financial turmoil, slowing growth and deteriorating liquidity. The week ended with losses of about $5 per Continue Reading
The Top 10 Energy Stories Of 2018
As 2018 comes to a close, it’s time to review the top energy stories of the year. This year there wasn’t an overwhelming choice for the top story as we Continue Reading
The Biggest Oilmen Of 2018
This year has been a crazy ride for the oil industry, which saw the price of Brent crude seesaw from $66.87 on the first day of the year, to a Continue Reading
OPEC Prepared To Call ‘Extraordinary Meeting’ As Oil Falls
Just a couple of weeks after OPEC and its partners agreed to implement another round of production cuts, the cartel is ready to extend these cuts as international prices continue Continue Reading
The Battle For Syria’s Oil Region
The Syrian Civil War has gone through several phases over the course of seven years and it now appears to be entering another one. Government forces have regained control over Continue Reading
Suicide attackers hit Libya’s foreign ministry in Tripoli
Suicide attackers hit the headquarters of Libya’s foreign ministry in Tripoli on Tuesday, opening fire before blowing themselves up inside, a security source said. An employee at the ministry said Continue Reading
NOC head and Libyan PM agree new plan to protect fields
Libya’s National Oil Corporation chairman Mustafa Sanalla and the country’s internationally recognized Prime Minister Fayez al-Sarraj on Monday agreed to a new security plan to protect El Sharara oilfield, which Continue Reading
Iran budget proposals point to revenue decline
Iran’s proposed state budget for the coming year points to a 3.7 percent decline in revenues in rial terms, as US sanctions continue to bite. The budget bill — proposed Continue Reading