Oil

The status of Iran’s oil technology is incomparable to how it was 20 years ago.

Venezuela has seen the collapse of its oil industry slow during the second half of 2018.

Russia will attempt to do so as quickly as possible.

Japanese refiners and shipping companies have recently clarified their concerns over relevant shipping insurance.

Big Oil will probably approve about 110 offshore projects this year.

Market participants would be looking out for last week'.s US inventory data to provide further price direction.

Both crude price benchmarks had already gained more than 2 percent in the previous session.

Given oil’s plummet at the end of last year. OPEC’s strategy to stabilize the market might look a bust.

OPEC oil supply fell in December by 460.000 barrels per day (bpd).

Iraq oil minister has directed oil officials to take urgent measures to comply with the cuts.