Crude oil prices, which plunged in the fourth quarter of 2018, have rebounded significantly in 2019. In the first quarter of 2019, oil prices recorded the best quarterly gain since Continue Reading
Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector. The most recent factor is the Continue Reading
Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vrecord-breakingonfidence for the oil giant Continue Reading
The oil patch is reeling from a political crisis in Algeria that first saw Exxon halt its prospective shale ambitions in the country, and has now spread to major trading Continue Reading
Highlights Production remains unaffected Further escalation in violence seen likely Zawiya export terminal, refinery at risk London — Libya’s National Oil Corporation said Tuesday it is discussing way to keep Continue Reading
Highlights Exports jump to 1.70 million b/d in March Flows to China, South Korea increase Sharp fall seen in Iranian oil inventories London — Iranian oil exports, which have been Continue Reading
Western diplomats sat down for three hours with Libyan commander Khalifa Haftar in his eastern stronghold last month to try to dissuade him from launching an offensive against the internationally Continue Reading
Saudi Aramco’s newly issued dollar-denominated bonds inched up on Wednesday, with longer-dated paper outperforming, sources familiar with the matter said. The company on Tuesday issued $12 billion worth of paper, Continue Reading
The Saudi plan to use their state-run oil giant, Aramco, as a piggy bank panned out fabulously for the Kingdom on Tuesday, with international investor demand topping $100 billion in Continue Reading
Venezuela removed eight tonnes of gold from the central bank’s vaults last week, and the cash-strapped socialist state is expected to sell the bullion abroad as it seeks to raise Continue Reading
