OPEC and its partners came into their meetings this week in Vienna aiming to show the oil market some muscle; they left with oil prices falling. The 24-country coalition, which Continue Reading
Early on Tuesday, following their meeting in Vienna, the Organization of Petroleum Exporting Countries (OPEC) announced a nine-month extension to the existing agreement to limit oil production. The initial deal Continue Reading
Investment banks are scrambling to re-pitch to advise Saudi Aramco on a possible initial public offering, sources familiar with the matter said, with Saudi Arabia’s energy minister confirming plans for Continue Reading
The U.S. invasion of Iraq in 2003 completely altered the geopolitical landscape of the Middle East. After Saddam’s forces were defeated, a violent insurgency led to the deaths of 4,487American soldiers Continue Reading
U.S.-Iran tensions are once again heating up, even as Iran has so far managed to stabilize oil exports at lower levels. Iran has officially breached the limits of low-enriched uranium Continue Reading
Iraq’s oil exports dropped by 3.5 percent between May and June, though nationwide oil sales – of 3.946 million barrels per day (bpd) * – remain near record levels. Halfway Continue Reading
About 30 persons were on Monday killed while over 60 suffered various degrees of burns while scooping Premium Motor Spirit, PMS, also known as fuel from a loaded truck that Continue Reading
International oil major Shell and Nigerian stakeholder communities agreed to reopen the flow station for the Oil Mining Licence 25, the regional Rivers state governor said. Shell also agreed in Continue Reading
Venezuela exported 1.1 million bpd of crude oil and refined oil products in June, up by 26 percent from May, thanks to higher shipments under oil-for-loan deals with China, Reuters Continue Reading
Mexico’s leftist president Andrés Manuel López Obrador won the election in a landslide last year, thanks in large part to his promise to crack down on corruption throughout the Mexican Continue Reading
