China’s factory activity picked up a bit in December but remained in contraction as downward pressure persisted in the manufacturing sector, official data showed Friday. China’s manufacturing purchasing managers’ index Continue Reading
Oil explorers shut down more rigs in U.S. fields to finish out the worst year for drilling cutbacks in almost three decades. Rigs targeting crude in the U.S. fell by Continue Reading
U.S. drivers saved a bunch of money on gasoline this past year, as Saudi Arabia and other OPEC members kept the pumps going in the face of low oil prices. Continue Reading
Bakken Rig Count Falls Due to the holiday, we are releasing the weekly rig count post early. The Bakken-Three Forks rig count fell by three this week landing at 54 Continue Reading
Oil headed for its biggest two-year loss on record in New York as an expansion in U.S. crude stockpiles exacerbates a global glut. Futures have lost 31 percent this year, Continue Reading
With the world awash in crude, the oil industry is contemplating a new problem the oversupply could tee up: an oil shortage. That could leave the world in exactly the Continue Reading
Falling oil prices caused a liquidity shortage at Iraq’s listed banks, reducing their overall profit before tax 44 percent to 74 billion dinars ($68 million) in the third quarter from Continue Reading
Iran’s national representative to Organization of the Petroleum Exporting Countries (OPEC) predicted oil prices in 2016 at between $35 to $50 a barrel, but that they would not go above Continue Reading
A decade old commodity boom came crashing to an end in 2015, hurting energy and mining firms as China’s industrial rise and appetite for raw materials slowed. The outlook for Continue Reading
Iran is drifting away from an oil-centered economy greatly prone to spasmodic market volatility and turmoil, which has unfailingly stunted the country’s every bid for sustainable development. At their peak, Continue Reading
