Nord Stream 2 Was Always A Done Deal
Europe’s position as an arena for great power rivalry ended after the Cold War. In recent days, however, the continent has, again, become a theatre of conflict. Only this time Continue Reading
Kremlin: no talks are underway to create new Russia-OPEC alliance
The Kremlin said on Tuesday there were no substantial talks currently taking place to establish an alliance between Russia and OPEC. Energy Minister Alexander Novak said in December it was Continue Reading
U.K. Economy Falters as Brexit Looms. Amsterdam Sees Risks, and Opportunity.
If anyone in the Netherlands is happy about Britain jilting the European Union, they keep that sentiment to themselves. The country has been built on trade, with huge volumes of Continue Reading
Rosneft Boss Wants Russia Out Of OPEC Deal
Rosneft’s chief executive Igor Sechin wants Russia to quit its production control deal with OPEC, Reuters reported last week, citing sources that have seen a letter Sechin wrote to President Continue Reading
Crude oil futures fall on US rig count rise, US-China trade tensions
Crude oil futures were lower during mid-morning trade in Asia Monday amid a build reported in the US rig count data last week while ongoing trade tensions between the US Continue Reading
Oil prices steady, OPEC cuts countered by slow progress in trade talks
Oil prices were steady on Monday as support from OPEC-led supply restraint was countered by an uptick in U.S. drilling and concerns about demand due to the slow progress in Continue Reading
Demand Concerns Drive Oil Markets
U.S. West Texas Intermediate oil futures are trading lower for the week, putting the market in a position to post a potentially bearish technical closing price reversal top on the Continue Reading
Washington Eyes Crackdown On OPEC
Legislation targeting OPEC is suddenly gaining steam in the U.S. Congress, raising alarm bells for the cartel. On Thursday, the House Judiciary Committee passed a bill that would allow the Continue Reading
UAE oil minister expects oil market to reach balance in first quarter
The oil market should reach a balance between supply and demand in the first quarter of this year, United Arab Emirates’ Oil Minister Suhail Al Mazrouei told Al-Arabiya television on Continue Reading
Yemen aims to export about 75,000 bpd oil in 2019: minister
The Saudi-backed government in Yemen hopes to scale up its crude production to 110,000 barrels per day (bpd) in 2019, with exports touching about 75,000 bpd, its oil minister told Continue Reading