Crude oil futures were lower during mid-morning trade in Asia Friday as geopolitical tensions in the Middle East eased and market participants look for fresh price cues to provide direction. Continue Reading
Oil slipped towards $65 a barrel on Friday as the threat of war in the Middle East receded and investors focused on rising U.S. inventories and other signs of ample Continue Reading
Oil prices retreated further on Thursday, adding to sharp losses in the previous session as the market shifted focus toward rising U.S. crude stocks and away from worries about the Continue Reading
OPEC pared its crude oil production by 100,000 b/d in December, the latest S&P Global Platts survey finds, putting the bloc under its new, more-stringent quotas a month early. OPEC Continue Reading
East Libya based forces led by Khalifa Haftar said on Thursday they would continue in their military campaign against rival forces in the capital Tripoli, appearing to reject a call Continue Reading
The Houthi rebels in Yemen were not the ones who launched the drone and missile attack on Saudi oil infrastructure last September, a confidential report from the UN has revealed. Reuters, Continue Reading
Iraq’s crude production is steady at 4.46 million b/d in line with its OPEC quota and has not been affected by recent events in OPEC’s second-largest oil producer, an oil Continue Reading
Kuwait expects its share of the oil production from the Neutral Zone that it shares with Saudi Arabia to be 250,000 bpd by the end of 2020 when production will Continue Reading
Iraq has proven it can maintain oil production and exports without US workers for a short period, but there are major risks to crude supply from OPEC’s second-largest producer if Continue Reading
Senegal’s government has given the go-ahead to the development at its first oil project, the Sangomar offshore field, operated by Australia’s Woodside Petroleum. The start of production from the $4.2-billion Continue Reading
