PRESIDENT TRUMP has recklessly navigated himself into a corner in the Persian Gulf. Though he campaigned against Middle East wars and has repeatedly said he does not want one with Continue Reading
If Iran tried and closed the critical oil shipping lane in the Middle East, the Strait of Hormuz, “it’s not going to be closed for long,” U.S. President Donald Trump Continue Reading
Russia’s Lukoil has presided over a major discovery at Iraq’s exploration Block 10, raising new expectations of ultimately producing over 300,000 barrels per day (bpd) from the Eridu field. Preliminary Continue Reading
The factory output number, the weakest since 1992, follows disappointing trade data published this week showing exports nearly flat and imports falling 8.5% in May. Loan expansion in the period Continue Reading
Steffen Olsen, an Arctic researcher with the Danish Meteorological Institute, and dogs set out to retrieve oceanographic moorings and a weather station over meltwater topping sea ice in northwest Greenland Continue Reading
The national average for a gallon of regular unleaded was $2.70 on Friday, according to AAA. Two decades ago, the industrialized world would have shuddered at the image of oil Continue Reading
OPEC and non-OPEC producers should raise oil production starting from the second half of the year in order to keep the market balance and acceptable oil prices, Alexander Dyukov, the Continue Reading
Brent crude on Friday extended sharp gains from the previous day following attacks on two oil tankers in the Gulf of Oman that stoked concerns of reduced crude flows of Continue Reading
Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world’s Continue Reading
The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency (IEA) said on Friday, although stimulus packages and developing Continue Reading
