Highlights US crude stocks climb 3.63 million barrels Exports fall to 12-week low ADP shows weaker-than-expected US July jobs growth Crude oil futures extended decline Aug. 4 on the heels Continue Reading
Oil prices edged higher on Wednesday, supported by a fall in U.S. inventories and Mideast geopolitical tensions, but the increasing spread of the coronavirus Delta variant in top consuming countries Continue Reading
Crude oil prices moved lower today after the Energy Information Administration reported an inventory build of 3.6 million barrels for the week to July 30. This compared with analyst expectations of a 2.9-million-barrel Continue Reading
For every week that passes without any breakthrough between Tehran and Washington, the prospect of a restored JCPOA nuclear deal looks bleaker. Talks in Vienna have remained stalled for weeks, Continue Reading
Spain’s Repsol is willing to resume oil exploration activities in Libya in light of the improved security situation in the African OPEC member, Libya’s National Oil Corporation (NOC) said on Wednesday after Continue Reading
Highlights Technical, maintenance issues keeping a lid on current output Output could become more volatile ahead of Dec elections Libya currently producing near 1.20 million b/d of crude Libya has Continue Reading
Even more so than Iran, Iraq remains the greatest relatively underdeveloped oil (and gas) frontier in the Middle East. It is little wonder, then, that it has been and remains Continue Reading
Nigeria has given its state oil firm the green light to acquire a 20% stake in Dangote’s oil refinery for $2.76 billion, junior oil minister Timipre Sylva said on Wednesday. Continue Reading
Fitch Ratings, a global credit rating agency has said the passage of the Petroleum Industry Bill (PIB) could have positive long-term effects for both the country’s public finance as well Continue Reading
One of the biggest drivers of the surge in metals prices this year, the world’s top commodity consumer China, is showing signs of a slowdown in demand, which could drag Continue Reading
