Crude oil futures recovered in mid-morning trade in Asia Thursday following news of a Cushing Hub pipeline spill, but bearish market drivers continue to cap the uptick. At 11:45 am Continue Reading
Crude futures fell Wednesday after the US Energy Information Administration reported a 5.7 million-barrel build in crude inventories for the week that ended October 25. ICE front-month Brent settled at Continue Reading
The Energy Information Administration reported a crude oil inventory build of 5.7 million barrels for the week to October 25, pressuring oil prices a day after the American Petroleum Institute Continue Reading
Iraq’s most powerful politicians appeared to withhold support for Prime Minister Adel Abdul Mahdi on Wednesday, as anti-government protests swelled into the biggest mass demonstrations the country has seen since Continue Reading
As US Democrats bandy about a series of wispy trillion-dollar green deals, Saudi Arabia has a green deal of its own—one of monumental proportions. But Vision 2030 is not without Continue Reading
After President Trump suggested on Sunday that he would like to make a deal with Exxon Mobil or “one of our great companies” to go into occupied Syria and take Continue Reading
OPEC’s top producer and de facto leader Saudi Arabia has informally asked Brazil to join the organization, Brazilian President Jair Bolsonaro said on Wednesday, adding that he would personally like Continue Reading
The Russian Direct Investment Fund (RDIF)—Russia’s sovereign wealth fund—will not make a huge investment in the listing of Saudi Aramco, although some Russian funds believe that the Saudi oil giant Continue Reading
Iraq’s Oil Ministry has implemented a decision by the Cabinet to remove Ihsan Ismaael as acting director-general of the state-run Basra Oil Company (BOC), temporarily replacing him with Bassim Abdulkarim. Continue Reading
As the last of the Middle Eastern summer fades away, is the region slipping into a new Arab spring? In Iraq, demonstrators are being shot dead in the streets. In Continue Reading
