Crude oil futures were lower during mid-morning trade in Asia Wednesday amid a build reported in US crude inventory last week, while ongoing geopolitical tensions kept prices volatile. At 11:10 Continue Reading
Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on-demand concerns linked to a protracted trade war between China and the United States. Continue Reading
The annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to Rystad Energy. The annual growth rate in the global offshore oilfield Continue Reading
Over the past week, oil prices have trended higher as concerns about escalating U.S.-Iran and Iran-Saudi standoffs have overshadowed bearish-side concerns about the U.S.-China trade war and slowing global economic Continue Reading
Oil futures were steady on Tuesday as the prospect of mounting U.S.-Iran tensions disrupting supply was offset by concerns that a lengthy trade war between Washington and Beijing would limit Continue Reading
Oil was flat at the start of trading on Tuesday, still caught between U.S.-Iran tensions on the one hand, and the downside risk of the U.S.-China trade war. – Venezuela’s Continue Reading
ExxonMobil evacuated some staff from southern Iraq over fears of rising tensions between the U.S. and Iran, although there is still little evidence to suggest any oil operations will be Continue Reading
Saudi Arabia has set up a deal to purchase U.S. liquefied natural gas from Sempra Energy, a new strategic direction for the kingdom as it seeks to establish a footprint Continue Reading
A major fire outbreak has occurred on Trans Forcados Pipeline, TFP, late Sunday night. Vanguard gathered that the fire started in Yeye community, Burutu Local Government Area, Delta State. Chairman Continue Reading
It was a daring gambit: Juan Guaidó, Venezuela’s opposition leader, stood by a military base alongside dozens of uniformed officers and political allies, calling for a military uprising against President Continue Reading
