Soft and volatile crude prices at the start of 2019 led most companies to cut capital investment budgets.
Read More »New Maritime Measures Threaten to Rock Oil Industry’s Boat
Environmental lobbyists say the air quality around ports and refineries is among the dirtiest on the planet.
Read More »Oil Prices Up amid US-China Trade Talks. Supply Cut by OPEC
OPEC exports are off by over 1.5 million barrels per day (bpd) since November.
Read More »Venezuela Is Ready to Supply Oil to Russia
Washington blocked PDVSA'.s assets at $ 7 billion and threatened to block the accounts of oil buyers from Venezuela.
Read More »UAE Reduces Oil Production by 3.1% under OPEC Deal
The Emirates should reduce the production of oil from 3.168 million barrels per day to 96.000 barrels per day.
Read More »Venezuela’s Post-US Sanctions Oil Exports Drop 40%
Around 70% of Venezuelan oil since sanctions have been implemented in went to PdVSA’s customers in Asia.
Read More »OPEC Crude Supply Drops to 4-yr Low in February
The 11 OPEC member states committed to the agreement attained in February 101% of the agreed cuts.
Read More »Saudi Arabia may Raise April Crude Prices for Asia
Top oil exporter Saudi Arabia is expected to raise April prices for most of the crude grades it sells to Asia.
Read More »Oil Price Slips after Trump Calls on OPEC to Ease High Prices
Trump on Monday expressed concern about oil prices.
Read More »Crude Oil Futures Stable as Markets Await US-China Trade Developments
The two sides are yet to sign any official agreement regarding the extension of the deadline.
Read More »