Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn’t necessarily Continue Reading
The rise in oil prices in recent months has been a concern to oil-importing nations and to retail consumers as the rally has been inflating their oil import bills and Continue Reading
Oil prices extended losses on Monday as Saudi Arabia and Russia said they may increase supplies while U.S. production gains show no signs of slowing. Brent crude futures LCOc1 stood Continue Reading
Global oil prices took a hit in the last week, but a confluence of factors could carry Brent to its highest levels in more than three years this summer, according Continue Reading
Iran and Venezuela have dominated the oil market discourse for a while and will continue to do so in the coming months. Fears of supply shortages amid a tighter market Continue Reading
Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014. Continue Reading
Oil prices fell drastically on Friday on the back of news that Russia and Saudi Arabia are considering an increase in their oil production, bringing an end to the production Continue Reading
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up Continue Reading
Russian President Vladimir Putin said on Friday that an oil price of $60 per barrel suited Russia and that high oil prices could create problems for consumers. Russia, which reached Continue Reading
Oil prices fell below $78 a barrel on Friday as OPEC and Russia considered easing supply curbs to offset disruptions in Venezuela and an expected drop in Iranian exports. Russian Continue Reading
