Oil Markets In Limbo Ahead Of Trump-Xi Showdown
“The next few days will provide a much-needed dose of clarity for the oil balance over the coming months. Oil prices moved higher at the end of this week, on Continue Reading
Crude oil futures slip ahead of G20 summit, OPEC meeting
Crude oil futures edged lower during mid-morning trade in Asia Friday, ahead of the G20 summit and OPEC meeting, with market participants particularly awaiting the outcome of the meeting between US President Donald Continue Reading
Oil Prices Hinge On These Two Major Events
We are just days away from two major events that could influence not just oil markets over the next few months, but also trajectory for the entire global economy. The Continue Reading
Russia agrees with Saudi to extend OPEC deal by 6-9 months: Putin
Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil production, Russian President Vladimir Putin said. Putin, speaking after talks Continue Reading
Russia supports extension of OPEC+ deal: Putin
Russian president Vladimir Putin said Saturday that Russia and Saudi Arabia have agreed to support an extension of the OPEC+ deal, which may be in force for an additional 6 Continue Reading
OPEC to Extend Cuts Amid Dual Threats to Oil Supply, Demand
As part of the plan, Saudi Arabia will apply pressure to laggard producers, including Iraq and Nigeria, which haven’t complied with their pledged output curbs under the current agreement, the Continue Reading
American Missiles Found in Libyan Rebel Compound
Bryan Denton for The New York Times Libyan government fighters discovered a cache of powerful American missiles, usually sold only to close American allies, at a captured rebel base in Continue Reading
U.S.: Saudi Pipeline Attacks Originated From Iraq
Secretary of State Mike Pompeo urged Iraq’s prime minister to take steps to ensure that Iraq isn’t used as a new staging ground for attacks. Iraqi leaders are questioning the Continue Reading
Iran says progress at last-ditch nuclear deal talks ‘not enough’
European countries offered too little at last-ditch talks on Friday to persuade Iran to back off from its plans to breach limits imposed by its nuclear agreement with world powers, Continue Reading
Mexico’s president says big bank loan shows confidence in Pemex
An $8 billion syndicated loan to Mexico’s national oil company Pemex is a sign of confidence by more than 20 banks involved in the operation, Mexican President Andres Manuel Lopez Continue Reading