Crude oil futures were higher during mid-morning trade in Asia Monday, recovering from Friday’s losses, on improved sentiment following a bullish report on US rig count data. At 10:50 am Singapore Continue Reading
Oil prices rose on Monday, buoyed by output cuts by producer club OPEC and reports that the United States and China are close to a deal to end a bitter Continue Reading
The price of the Brent international crude oil benchmark dipped below two Middle Eastern benchmarks that represent heavier, sour grades, Reuters reports , citing industry sources. Based on light sweet Continue Reading
After the recovery in global oil and gas drilling seen in 2018, this year the pace of drilling growth around the world is set to step up, albeit moderately, analysts Continue Reading
A slight decline in crude loadings is offset by a $4 per barrel increase in price, as Iraq’s output stays near record levels. Loading arms at the terminal for Iraqi Continue Reading
Scores of people are believed dead after a pipeline explosion in southern Nigeria, according to local officials. The Associated Press reported on Saturday that more than 50 people were missing, Continue Reading
The US is discussing emergency aid for Venezuela should the regime of Nicolás Maduro fall, including potential financial assistance alongside official loan programmes from the IMF and other institutions. With Continue Reading
Venezuelan opposition leader Juan Guaidó said he plans to return to his home country on Monday in a high-stakes strategy that directly challenges President Nicolás Maduro’s authority and could end Continue Reading
Venezuela is scrambling to find buyers for its oil, hoping to keep revenue streams alive even as Maduro loses control of Citgo. The U.S.-based subsidiary of PDVSA officially severed ties Continue Reading
China and the U.S. are in the final stage of completing a trade deal, with Beijing offering to lower tariffs and other restrictions on American farm, chemical, auto and other Continue Reading
