Oil prices fell on Thursday as an escalating trade battle between the United States and China outweighed upward pressure from a surprise decline in U.S. inventories of crude. Brent crude Continue Reading
Western integrated oil majors posted a mixed set of first-quarter earnings results, with most continuing to grow production and some proving resilient to the impact of lower oil and gas Continue Reading
After four months of decline, tightening the oil market considerably, OPEC’s collective crude oil production in April held relatively steady from March, rising just 30,000 b/d to 30.26 million b/d, Continue Reading
The United States and Iran continued to trade barbs on Wednesday over the Iranian nuclear deal and Iranian oil exports as the United States stands firm on its position that Continue Reading
Exactly a year after the United States withdrew from Iran nuclear deal, the Islamic Republic said on Wednesday that it is suspending some of its commitments under the agreement and Continue Reading
President Donald Trump on Wednesday ordered new sanctions on Iran, this time targeting the Islamic Republic’s export revenues from its industrial metals sector, and vowed to keep squeezing Tehran unless Continue Reading
Iran announced on Wednesday it was relaxing some curbs to its nuclear program, announcing steps that stop short of violating its 2015 deal with world powers for now, but threatening Continue Reading
France called on Iran on Wednesday to respect all its commitments after Tehran announced it was relaxing some curbs to its nuclear program, and warned against any action that would Continue Reading
Iraq will soon finalize a large-scale, long-term deal for the development of oil fields in the South with Exxon and PetroChina. The 30-year contract will involve investments of US$53 billion Continue Reading
Tiny gas-rich Qatar is pushing through with its plans to solidify its top spot as the world’s largest liquefied natural gas (LNG) player both in terms of liquefaction capacity and Continue Reading
