Oil Climbs After Four-Day Slump With U.S. Stockpiles in Focus
Oil snapped a run of declines as a U.S. industry report pointed to a drop in domestic crude stockpiles. West Texas Intermediate rose 0.5% after a four-day losing run that Continue Reading
Oil steadies, Delta outbreaks cloud demand prospects
Oil prices steadied on Wednesday after four days of declines with investors still worried about the outlook for fuel demand as the use of rail, air and other forms of Continue Reading
Oil Markets Unimpressed By Small Crude, Products Draw
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 1.163 million barrels for the week ending August 13, bringing the total 2021 crude draw Continue Reading
Oil Heads for Longest Run of Losses Since March on Virus, Dollar
Oil fell for a fourth day, heading for the longest run of losses since March, on the threat to demand from the delta coronavirus variant. West Texas Intermediate futures declined Continue Reading
Oil prices weighed down by weak Asian demand
Oil prices fell on Tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a weak demand picture in Asia and OPEC and its allies Continue Reading
Latest energy sector attacks underscore need to fast-track security coordination
Suspected insurgents detonated explosives at the North Oil Company (NOC)-operated Bai Hassan oil field and on a key electricity transmission line from Erbil to Kirkuk on Sunday, the latest in Continue Reading
Iran accelerates enrichment of uranium to near weapons-grade, IAEA says
Iran has accelerated its enrichment of uranium to near weapons-grade, the U.N. atomic watchdog said in a report on Tuesday seen by Reuters, a move raising tensions with the West Continue Reading
Iran Lifts Production Capacity of Uranium Close to Weapons Grade
Iran has nearly doubled its enrichment capacity dedicated to purifying uranium close to the levels required for nuclear weapons, signaling it won’t de-escalate its atomic activities before meeting again with Continue Reading
Aramco Is Quietly Shedding Some Of Its Gas Pipeline Assets
Saudi Aramco is looking to raise at least $17bn from the sale of a significant minority stake in its gas pipelines, sources told Reuters today. A sale that large for Continue Reading
The Afghanistan Crisis Could Destabilize The Region
Governments across Central Asia appear as stunned as the rest of the international community in the face of the rapid disintegration of order in neighboring Afghanistan. Some leaders have held Continue Reading