OPEC oil supply sank to a four-year low in March, a Reuters survey found, as top exporter Saudi Arabia over-delivered on the group’s supply-cutting pact while Venezuelan output fell further Continue Reading
The U.S. and Chinese manufacturing sectors showed signs of stabilizing in March from earlier slowdowns, while Europe stumbled last month, evidence of an uneven and uncertain global economic outlook. The Continue Reading
With thin profit margins growing even thinner in the crude oil sector, commodity trading houses have been looking for the next big movement in the energy industry to sink their Continue Reading
OPEC’s oil production in March 2019 fell to its lowest level since February 2015, as Saudi Arabia cut more than it had pledged under the output cut deal and Venezuela Continue Reading
DUBAI (Reuters) – Saudi Aramco, the world’s biggest oil producer, made core earnings of $224 billion last year, almost three times as much as Apple, figures from the state-owned company Continue Reading
raq’s oil exports fell month-on-month to an average of 3.377 million barrels per day (bpd) in March, the Oil Ministry said on Monday, as poor weather interrupted loadings and producer Continue Reading
Algeria’s ailing president, Abdelaziz Bouteflika, agreed Monday to step down by the end of the month, yielding to weeks of mass demonstrations demanding his ouster. In a short statement carried Continue Reading
Saudi Aramco, the world’s largest oil company, has for the first time ever issued a bond prospectus to financial markets, shedding some light on its financial structure and management. By Continue Reading
Oil-rich Libya, torn between a UN-backed government based in Tripoli and an alternative administration and institutions in the east, could see the years-long political crisis solved this month by the Continue Reading
Iran’s Oil Minister Bijan Zangeneh arrived in Moscow on Monday for senior-level talks regarding the global oil market and energy cooperation between Iran and Russia, the Islamic Republic News Agency Continue Reading
