How likely is an oil-led market crash?
There’s a bullish outlook for oil even though there are a growing number of potential factors that could undermine demand in coming years. Despite these problems from trade wars, Brexit Continue Reading
OPEC scraps April meeting but keeps oil cuts in place
Oil producer group OPEC on Monday scrapped its planned meeting in April and will decide instead whether to extend output cuts in June, once the market has assessed the impact Continue Reading
Saudi Arabia crude exports fall to 7.254 million bpd in January
Saudi Arabia’s crude oil exports in January fell to 7.254 million barrels per day from 7.687 million bpd in December, official data showed on Monday. OPEC’s biggest producer pumped 10.243 Continue Reading
Markets Brace For U.S. Decision On Iran Sanction Waivers
Over the past few months, oil market participants and analysts focused on OPEC’s production cuts, soaring U.S. shale output, the U.S.-China trade dispute, projections of slowing oil demand growth, and Continue Reading
Saudi Arabia Continues To Cut Crude Oil Exports
Saudi Arabia’s crude oil exports continued to fall at the start of this year after OPEC’s largest producer started to aggressively cut oil supply in December last year to prevent Continue Reading
Iran To Boost South Pars Gas Output Via 4 New Phases
Iran’s President Hassan Rouhani officially launched four new development phases at the giant South Pars offshore gas field, which will add 110 million cubic meters to the daily output of Continue Reading
Venezuela may divert U.S.-bound oil to Rosneft, says Jose generator working
Venezuela may divert oil originally bound for the United States to Russian oil company Rosneft or other destinations due to U.S. sanctions, Venezuelan oil minister and president of state-run oil Continue Reading
Mexico to invite four firms to bid on $8 billion Pemex oil refinery
The Mexican government will invite four firms to bid on the construction of an $8 billion refinery for state oil company Pemex, officials said Monday, as President Andres Manuel Lopez Continue Reading
Mexico’s Pemex plans to triple oil well drilling this year to boost output
Mexico’s national oil company Pemex plans to triple the number of wells it will drill this year, the company’s chief executive said on Monday, in a bid to grow crude Continue Reading
Venezuela suspends oil exports to India: oil minister
Venezuela has suspended oil exports to India, the Azeri energy ministry said in a statement following a meeting with the Venezuelan oil minister and president of state-run oil company PDVSA, Continue Reading