Crude oil futures slipped in Asian mid-morning trade Tuesday, as ongoing trade tensions kept investor sentiment bearish amid a weaker demand outlook, analysts said. At 11:15 am Singapore time (0315 Continue Reading
Oil prices fell on Tuesday as an economic slowdown starts to dent energy demand, but markets won some support after Saudi Arabia said a consensus was emerging with other producers Continue Reading
“I am not sure there is a supply shortage,” Khalid al-Falih, the energy minister of the world’s top oil exporter and OPEC’s largest producer, Saudi Arabia, told Reuters in the Continue Reading
The amount of crude oil making its way from OPEC member countries to the North America dropped in 2018 to an average of 2.813 million barrels per day—a drop of Continue Reading
The meltdown for oil prices came to a halt, at least temporarily, after Saudi Arabia signaled that the OPEC+ production cuts would be sticking around for a little while longer. Continue Reading
Highlights OPEC oil production declined 1.3% year on year in 2018 Group’s oil exports to North America declined 12.6% US oil output surged 17.2% over same period London — OPEC Continue Reading
After oil prices booked in May their worst decline in six months amid fears that trade wars would slow down global economic and oil demand growth, the price of oil Continue Reading
The Federal Government of Iraq (FGI) in Baghdad moved swiftly when the U.S. re-imposed sanctions against Iran, ordering its Oil Ministry to breach part of the supply gap by increasing Continue Reading
The Trump administration is attempting to dial down the tension with Iran, lowering the risk of military conflict and pushing for diplomatic negotiations. On Sunday, U.S. Secretary of State Mike Continue Reading
At the end of last year, the Panama Canal had a problem: too much water. Torrential rains had swollen its main water source, the artificial Lake Gatun, beyond capacity, forcing Continue Reading
