France’s trade deficit widened last year as higher oil prices inflated the energy import bill, offsetting an increase in exports, the customs data showed on Thursday. The deficit widened to Continue Reading
OPEC and non-OPEC countries could discuss a charter outlining open-ended cooperation in April, TASS news agency cited Russian Energy Minister Alexander Novak as saying on Thursday. Novak said in December Continue Reading
Russia’s gas giant Gazprom aims to further increase its 35-percent market share in Europe, amid higher natural gas demand and expected lower production at key western European natural gas producers, Continue Reading
Oil fell 1 percent on Wednesday after a report showed a rise in U.S. crude inventories, while concerns about the impact of U.S. sanctions on Venezuela on global supplies eased. Continue Reading
Crude oil prices pulled back from overnight highs and moved lower in midmorning US trading Tuesday as a multi-week rally began to show signs of fraying amid a lack of Continue Reading
Oil prices slipped on Tuesday, falling from two-month highs as concerns over a global economic slowdown crept back into the market, and a stronger dollar also weighed. Prices sagged after Continue Reading
New partnerships are emerging in the global hunt for oil discoveries, with some explorers essentially offering an outsourcing service for the riskiest part of the energy business. Central to this Continue Reading
By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although Continue Reading
Saudi Arabia and its Persian Gulf allies are backing a formal partnership with a 10-nation group led by Russia to try to manage the global oil market, according to OPEC Continue Reading
Iran has recoverable crude oil reserves of 160 billion barrels, the National Iranian Oil Company said, adding recoverable natural gas reserves came in at 33.33 trillion cubic meters, Mehr news Continue Reading
