Oil futures fell on Monday with Wall Street, as the negative turn in the U.S.-Chinese trade talks spooked investors, who had sent oil higher in early trade on concerns about Continue Reading
Supply disruptions in the Middle East on top of an already tight crude market could send oil prices violently upward, according to Rystad Energy. Two Saudi Arabian oil tankers were Continue Reading
The world is moving in the opposite direction of the Paris climate pact goals, with investment in renewable energy falling for the second consecutive year in 2018 and spending on Continue Reading
Global oil major Shell on Monday said it had carried out 19 successful trials of the 0.5% sulfur fuel oil with shipowners at key ports globally, and will be carrying Continue Reading
Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil Continue Reading
The tanker attacks off the coast of the United Arab Emirates were “Israeli mischief,” an Iranian parliamentary spokesman said on Tuesday, according to the Islamic Republic News Agency (IRNA). “The Continue Reading
An initial U.S. assessment indicated Iran likely was behind the attack on two Saudi Arabian oil tankers and two other vessels damaged over the weekend near the Strait of Hormuz, Continue Reading
At a meeting of President Trump’s top national security aides last Thursday, Acting Defense Secretary Patrick Shanahan presented an updated military plan that envisions sending as many as 120,000 troops Continue Reading
Oil prices jumped on Monday on news that two Saudi oil tankers were supposedly attacked near the Persian Gulf, raising fears that supply may be at risk. Two Saudi oil Continue Reading
Iran insists on exporting at least 1.5 million barrels per day (bpd) of oil, triple May’s expected levels under U.S. sanctions, as a condition for staying in an international nuclear Continue Reading
