International cooperation on crude production has helped stabilize oil markets and is more important now than ever, Russian Energy Minister Alexander Novak said on Monday. The Organization of the Petroleum Continue Reading
A Canadian tourist cools down in the Trocadero’s fountains in August 2018 amid another heatwave France is braced for a heatwave with temperatures forecast to exceed 40C this week – Continue Reading
The UK wants to be a world leader in the fight against climate change. Committing to reduce greenhouse gas emissions to almost zero by 2050 is an admirable but expensive Continue Reading
Oil futures rose 1% on Friday, with U.S. crude up 10% in the week and global benchmark Brent gaining 5%, on fears the United States could attack Iran and disrupt Continue Reading
The the number of active oil and gas rigs in the United States fell again this week according to Baker Hughes, as the overall rig count reaches the lowest point Continue Reading
Meanwhile, manufacturing activity in Europe contracted in June, wrapping up the weakest quarter for the goods-producing sector in six years, IHS data showed Friday. A similar survey of Japanese manufacturers Continue Reading
Russia is ready to help Iran with oil exports and its banking sector if the Instex European payment system is not launched, Interfax news agency cited Russian Deputy Foreign Minister Continue Reading
U.S. President Donald Trump said on Friday he aborted a military strike on Iran because he said it could have killed 150 people, a disproportionate response to Tehran’s downing of Continue Reading
Crude and condensate in long-term floating storage hit its highest since August 2017 in May at 24 million barrels, as U.S. sanctions against Venezuela and Iran hindered the ability of Continue Reading
US Secretary of State Mike Pompeo will travel to India next week, but will offer no relief from oil sanctions to what was a top Iranian export market just two Continue Reading
