The U.S. withdrawal from the nuclear deal struck between Iran and major powers is “doomed” to seriously affect peace and security in the Middle East, Iran’s atomic chief said on Continue Reading
Baker Hughes reported an additional seven U.S. rigs this week, bringing the total number of active oil and gas rigs to 1.055, according to the report. The number of active Continue Reading
Oil prices pulled back on Friday amid concerns additional U.S. tariffs would be placed on China, trading mixed after a rally triggered by worries of more sanctions on Iran. Crude Continue Reading
OPEC downgraded demand while the IEA said in a report that supply outages are “tightening up” the oil market. With Iran sanctions less than two months away, “we are entering Continue Reading
Oil futures rebounded during mid-morning trade in Asia Friday as lingering supply constraints overshadowed a lower demand growth forecast by OPEC. Receive daily email alerts, subscriber notes & personalize your Continue Reading
At first glance, the headline figures don’t look so bad. Global supply surpassed 100 million barrels per day (mb/d) in August, a new record high. Production even rose from OPEC, Continue Reading
Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand. Benchmark Brent crude oil Continue Reading
A day after the American Petroleum Institute gave oil bulls a cause for celebration with an estimated 8.636-million-barrel inventory decline for the week to September 7, the Energy Information Administration Continue Reading
A variety of other factors also propelled prices higher, including concerns over Hurricane Florence and some storms moving toward the Gulf of Mexico, tightening global oil supplies due to U.S. Continue Reading
Oil futures rose on Wednesday, with Brent reaching $80 a barrel, after a larger-than-expected drop in U.S. crude inventories and as U.S. sanctions on Iran added to concerns over global Continue Reading
