Oil prices rose on Thursday, boosted by the U.S. threat of sanctions on OPEC member Venezuela, but gains were limited by U.S. data showing record-high gasoline record-highs and an unexpected Continue Reading
Oil prices this year will be influenced primarily by the health of the global economy, which is why prices have closely tracked equity and bond markets in recent months. U.S. Continue Reading
Oil prices are still down sharply from the highs of October 2018, but the industry may still increase spending this year. The cost of developing new projects might rise along Continue Reading
The oil market is heading towards rebalancing this year, most analysts seem to think , with OPEC+ production cuts, combined with a potential slowdown in U.S. shale eating away at Continue Reading
When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics Continue Reading
OPEC and its allies do not rule out taking further action at their next meeting in April should oil inventories build up in the first quarter, OPEC’s secretary general told Continue Reading
Iraq’s Federal Supreme Court is seeking more information from both sides in a landmark, seven-year-old case before ruling on legal challenges to the autonomous Kurdistan Regional Government’s (KRG) independent oil Continue Reading
Saudi Arabia is putting itself in a potentially dangerous geopolitical position as it seeks to continue its decades’ long relationship with Washington while at the same time forging new ties, Continue Reading
The strong support for Mr. Maduro is a significant blow to the opposition, which wants to use widespread street protests and international support to help break the military’s allegiance to Continue Reading
Venezuelan parliament speaker Juan Guaidó declared himself interim president at a rally in the capital Caracas on Wednesday, drawing support from several Latin American countries and the U.S. Mr. Maduro Continue Reading
