Oil Rig Count Rises As Oil Prices Stabilize
Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs Continue Reading
US crude, LNG exports at stake in latest round of US-China trade talks next week
Top US energy and agriculture officials will return to China next week for the latest round of trade talks that could signal whether crude and LNG flows will pick up Continue Reading
Trump official slams cartels as U.S. lawmakers push anti-OPEC bill
A senior administration official said on Friday that U.S. national security depends on affordable energy, and slammed cartels when asked if President Donald Trump would support a bill targeting the Continue Reading
Exclusive: Russia’s Sechin raises pressure on Putin to end OPEC deal
Igor Sechin, head of Russian oil giant Rosneft and one of Vladimir Putin’s closest allies, has written to the Russian president saying Moscow’s deal with OPEC to cut oil output Continue Reading
EU nations back rules that may stall Russia’s Nord Stream 2 pipeline
European Union nations backed a plan to regulate Russia’s Nord Stream 2 pipeline on Friday, a move that will likely slow but not rule out its construction. The long-stalled agreement Continue Reading
Venezuelan sanctions could squeeze European fuel oil market
US sanctions imposed on Venezuela’s state-owned PDVSA could further support an already tight high sulfur fuel oil market in Europe, sources said. The European fuel oil market has seen unusual Continue Reading
Crude oil futures fall amid US-China trade concern, poor economic growth outlook
Crude oil futures were weaker during mid-morning trade in Asia Friday amid ongoing trade concerns between the US and China, while a forecast for a slowdown in economic growth in Continue Reading
Trade Deal Uncertainty Weighs On Oil Prices
Despite the crisis in Venezuela, which could shut in a lot more oil supply, global crude prices have been mostly flat for two weeks. Oil traders have weighed prospect of Continue Reading
Oil heads for weekly loss as slowdown worries outweigh supply cuts
Oil markets inched down on Friday and were heading for a weekly loss, pulled down by worries about a global economic slowdown, although OPEC-led supply cuts and U.S. sanctions against Continue Reading
U.S. Tells Iran’s Oil Customers Not To Expect New Waivers
Iran’s oil customers should not expect new U.S. waivers in May, the U.S. Special Representative for Iran, Brian Hook, said this week, urging buyers to stop importing Iranian oil. “What Continue Reading