Oil rose for a second day on Wednesday, buoyed by an unexpected decline in U.S. crude inventories and after Saudi Arabia appeared undaunted by pressure from U.S. President Donald Trump Continue Reading
Crude oil futures were lower during mid-morning trade in Asia Tuesday, extending the downtrend from the previous trading session, triggered by the US President’s latest tweets on “oil prices getting Continue Reading
The American Petro l eum Institute (API) reported a surprise draw in crude oil inventory of 4.2 million barrels for the week ending February 22, coming in under analyst expectations Continue Reading
Oil prices opened the week lower after U.S. President Donald Trump asked OPEC to ‘’take it easy’’ on the production cuts, but recovered somewhat on Tuesday morning Chart of the Continue Reading
Oil futures inched up on Tuesday after news that OPEC would continue production cuts despite comments from U.S. President Donald Trump, who criticized the producer group for rising crude prices Continue Reading
Saudi Arabia aims to export as much as 3 billion cubic feet of gas per day by 2030, the chief executive of the Kingdom’s oil giant Saudi Aramco said on Continue Reading
Japanese refiners are in a rush to buy as much Iranian crude as they can before the sanction waiver window granted by the U.S. Treasury Department closes in May, S&P Continue Reading
ExxonMobil is expected to soon announce that its drilling campaign offshore the southern coast of the divided island of Cyprus has resulted in a major gas discovery, potentially reigniting tension Continue Reading
Saudi Energy Minister Khalid al-Falih said on Wednesday that OPEC and its partners were “taking it easy” in response to a tweet from U.S. President Donald Trump requesting oil producers Continue Reading
Nigeria seeking nearly US$20 billion from international oil majors in back taxes could delay the approval of a major offshore oil project, Shell’s Upstream Director Andy Brown told Reuters on Continue Reading
