Indian state-run Oil and Natural Gas Corp plans to bid for Israeli offshore oil-and-gas exploration blocks, India’s oil minister told Reuters, the first major deal between the two countries since Continue Reading
China’s northeastern industrial heartland may face winter power and heating cuts after authorities in Beijing spurned requests from provincial providers for help securing coal supplies after two major mines were Continue Reading
For veteran OPEC officials, Hurricane Harvey’s impact on global oil markets is one of the strangest things they have seen. The storm has led to some of the biggest disruptions Continue Reading
Iraq’s Oil Minister Jabar al-Luaibi speaks during a news conference in Basra, Iraq July 19, 2017. REUTERS/Essam Al-Sudani MOSCOW (Reuters) – A decision on whether to extend a global oil Continue Reading
OPEC oil output has fallen this month by 170,000 barrels per day (bpd) from a 2017 high, a Reuters survey found, as renewed unrest cut supplies in Libya and other Continue Reading
The skies are clearing over Houston, but the damage from the remaining elements of Hurricane Harvey has spread east to Port Arthur and Lake Charles along the Texas-Louisiana border. That Continue Reading
The International Energy Agency said on Monday that there was no need for now to release fuel from emergency stockpiles to compensate for disruption caused by Hurricane Harvey because global Continue Reading
Oil producers in Russia and Saudi Arabia are pushing to extend the Organization of Petroleum Exporting Countries’ (OPEC) production cuts until June of next year, according to a new report Continue Reading
A view of an oil refinery plant in Novokuibyshevsk, Russia, late last year. Top oil producers Saudi Arabia and Russia are pushing to extend their deal to limit crude oil Continue Reading
Hurricane Harvey may achieve in global crude oil markets in a few days what OPEC and its allies have struggled to achieve in months – a tightening of supplies and Continue Reading
