Falling Russian Crude Output Lifts Brent Oil Prices
Russian oil production continues to trend lower in May as exports via the Druzhba oil pipeline have been restricted due to a contamination issue, helping Russia to finally fall in Continue Reading
Norway’s oil industry eyes 17% growth in 2019 investments
Oil and gas companies working in Norway have hiked their 2019 and 2020 investment forecasts as they add more field development plans, a survey by the country’s statistics agency (SSB) Continue Reading
Crude mixed on diverging fundamentals
Crude oil futures were mixed during mid-morning trade in Asia Monday amid diverging indications on demand and supply fundamentals in the market, analysts said.At 11:00 am Singapore time (0300 GMT), Continue Reading
Oil steadies as trade fears balance Mideast tension and supply cuts
Oil steadied on Monday, trading below $69 a barrel, as concern over the U.S.-China trade dispute and global economic outlook offset support from Middle East tensions and supply cuts. Figures Continue Reading
Is The Oil Glut Coming Back?
Oil had its worst week of the year, and the plunge in prices have renewed concerns about the global economy , oil demand and a stubborn crude oil surplus. Oil Continue Reading
The Oil Market Isn’t As Weak As It Appears
A slight price recovery on Friday couldn’t save what turned out to be the worst week this year for oil markets. Brent is currently hovering around $68 per barrel having Continue Reading
Iran could block Strait of Hormuz if US deploys troops: Iraq oil minister
Fishermen off Fujairah, United Arab Emirates, near the Strait of Hormuz, May 30, 2012. File photo: Kamran Jebreili / AP ERBIL, Kurdistan Region – US troop deployments to the Middle Continue Reading
Iran will defend itself against any aggression, says foreign minister
Iran will defend itself against any military or economic aggression, Foreign Minister Mohammad Javad Zarif said on Sunday, calling on European states to do more to preserve a nuclear agreement Continue Reading
Algeria to block Total from buying Anadarko’s Algerian assets: minister
Algeria will block Total from acquiring Anadarko’s assets in Algeria, energy minister Mohamed Arkab told reporters on the sidelines of a conference on Sunday. Occidental Petroleum has agreed to sell Continue Reading
Rare Earth Metals: China’s ‘Nuclear Option’ In The Trade War
A simple visit to an obscure factory by Chinese President Xi on Monday is all it took to raise the specter that China could be contemplating cutting off supply of critical materials Continue Reading