Oil prices edged up on Wednesday, supported by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, although gains were limited by concerns over Continue Reading
Oil prices have traded relatively flat on Tuesday morning, despite bullish news continuing to mount. U.S. natural gas production soared to a new all-time high in 2018, rising by a Continue Reading
Oil prices were largely steady around four-month highs on Tuesday on expectations that OPEC would continue production cuts till the end of the year, and ahead of weekly U.S. data Continue Reading
The world’s largest independent commodity trader, Vitol, expects global oil demand to peak after 15 years, essentially putting the ‘peak oil demand’ date somewhere in the mid-2030s like other key Continue Reading
“The 2020 IMO marine regulation change is one of the most dramatic ever seen to product specifications, although the shipping and refining industries have had several years notice,” the International Continue Reading
Anti-government protests in Algeria were probably supposed to end after long-term president Abdelaziz Bouteflika dropped his plan to run for a fifth term in office this year. They didn’t. In Continue Reading
OPEC decided to maintain deeper cuts for the next few months, but it also decided to delay until June a decision on whether or not to extend the supply curbs. Continue Reading
The United Arab Emirates’s energy minister said on Wednesday he expects OPEC to finalize the long-term cooperation charter with its non-OPEC partners in June. The UAE is committed to delivering Continue Reading
At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port Continue Reading
Highlights Libya currently pumping 1.2 million b/d Sharara field to approach 300,000 b/d in ‘next few days’ NOC stepping up upstream efforts Studying shale oil, gas prospects Baku — Libya’s Continue Reading
