Oil producers in the United States are not hedging enough future production while oil prices trend higher, Goldman Sachs has warned . According to the investment bank, drillers were now Continue Reading
The US Coast Guard is working to set up a “locking system” in Houston Ship Channel areas where water was contaminated with significant amounts of benzene after a fire at Continue Reading
Shell’s 400,000 bpd Pernis oil refinery in the Netherlands will see a reduction in output beginning on April 8, organized by striking workers seeking higher wages. Last week , the Continue Reading
Crude oil futures were higher during mid-morning trade in Asia Friday, shrugging aside US President Donald Trump’s latest tweet for OPEC to boost oil supply, as market participants await fresh Continue Reading
Oil futures were near flat on Thursday after recovering from the day’s worst losses that came when U.S. President Donald Trump called for OPEC to boost crude output in an Continue Reading
Oil prices rose on Friday amid the ongoing OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009. Continue Reading
President Donald Trump called OPEC out on Twitter once again on Thursday, pressing the oil “monopoly” to stop driving prices higher. The US President’s latest tweet, while calling on the Continue Reading
Saudi Aramco plans to issue a $10 billion bond as early as next week to help fund its acquisition of a majority stake in Saudi Arabia’s petrochemicals firm, people familiar Continue Reading
Syrian militiamen paid by Iran have seen their salaries slashed. Projects Iran promised to help Syria’s ailing economy have stalled. Even employees of Hezbollah, the Lebanese group that has long Continue Reading
Research on the Levant Basin dates back to 2010 when the Leviathan block was first discovered by Ratio Oil. Following this, companies like US-owned Noble Energy and French giant Total Continue Reading
