Oil prices rose about 1 percent on Monday as the United States and China appeared closer to ending a trade war that has slowed global economic growth while OPEC ally Continue Reading
Consider some recent headlines: “World Bank Warns Of Extreme Volatility In Oil Markets”, “International Energy Agency Head: Oil markets are entering an era of unprecedented volatility” and “ Oil prices Continue Reading
Oil traders are taking on an “overly bearish tone,” paying too much attention to Trump’s tweets, macroeconomic fragility and expected U.S. shale growth. “We think more critical and bullish determinants Continue Reading
The U.S. exported a record 3.6 million barrels per day of oil in February. This oil is the result of the American fracking boom — and as a report from Continue Reading
OPEC and its partners are unlikely to decide on their output policy in April as it would be too early to get a clear picture of the impact of their Continue Reading
Libya’s National Oil Corp. has restarted limited production at its giant Sharara oil field, a person familiar with the matter said Monday, following the removal of gunmen who had occupied Continue Reading
Despite strained U.S.-Saudi relations on several fronts, Saudi Arabia’s oil giant Aramco continues to see the U.S. market as strategic and continues with plans to expand the biggest U.S. refinery Continue Reading
Iraq maintained near-record high levels of oil exports in February, with overall sales averaging 3.996 million barrels per day (bpd). The export total includes 3.621 million bpd by the federal Continue Reading
Oil prices rose nearly 2 percent on Monday morning, on trade deal hopes and OPEC supply outages. One of the largest OPEC outages at the moment is the supply disruption Continue Reading
Ratings agency Standard & Poor’s (S&P) on Monday slashed the credit rating for Mexico’s national oil company Petroleos Mexicanos, or Pemex, piling more pressure on the government to tighten up Continue Reading
