The American Petroleum Institute (API) reported a surprise build in crude oil inventory of 3.545 million barrels for the week ending May 31, coming in over analyst expectations of a Continue Reading
Oil prices ended as much as 1% higher on Tuesday after a global stock market rally pulled Brent crude from a four-month low touched earlier in the session. U.S. stock Continue Reading
Oil markets are heading into bear territory as fears of a global economic slowdown grow on the back of Washington’s escalating trade wars with both China and Mexico. Investor Alert: Continue Reading
The United States will present in coming days evidence of Iranian involvement in last month’s sabotage of four oil tankers off the coast of the United Arab Emirates (UAE), including Continue Reading
Three weeks before the OPEC meeting currently scheduled for June 25-26, it looks like the cartel is at odds even about whether this meeting should be held in that particular Continue Reading
The last time Riad al-Hami saw his mother alive, she was chatting with a neighbor in the narrow street outside their houses, as they did every evening. Though the distant Continue Reading
Cameroon has increased troops around its lone oil refinery, after a weekend explosion caused a shutdown of the facility. But the government denies separatist fighters were responsible and says there Continue Reading
Angola’s steep decline in crude production over the past three years has been tough to ignore. The government led by President Joao Lourenco has unearthed a plan that includes tendering Continue Reading
Citgo Petroleum Corp. received a subpoena from the Department of Justice stemming from an investigation into bribery in Venezuela, indicating that the U.S. government is finally turning its attention to Continue Reading
In the past few weeks, what once deemed impossible has happened: gas shortages have been affecting Venezuela, with long lines lasting hours and, in some remote areas, a day or Continue Reading
