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Libya has descended into chaos following a 2011 uprising that toppled a longtime ruler.
Read More »Libya`s NOC Says Oil Storage Damaged in Attack on Key Ports
Any Oil Production Cut should be by Consensus
OPEC'.s upcoming meeting must do everything possible to prepare the markets.
Read More »Iran Oil Exports Slide in Early Ship Data after Trump Sanctions
One bright spot for Iran is its first delivery of crude to Chile in at least 16 years.
Read More »U.S. oil Exports. on the Rise to China. Face Trade Spat Threat
China has been a key recipient of American oil since a 40-year U.S. ban on exports was ended by then-President Barack Obama in 2015.
Read More »South Korea Oil Imports Fell to Lowest Level over the Past Two Years
The US president had already emphasized that the regime of sanctions he plans to impose on Iran will be ``at the highest level``.
Read More »The Oil Price Is At a Crossroads
Capacity cuts implemented by Russia. OPEC and a number of non-OPEC countries have successfully brought excess supply under control and reduced inventory.
Read More »Russia. Saudi Arabia Agree to Expand Cooperation to Stabilize Energy Markets
Russia and Saudi Arabia intend to support investment in the oil and gas sector.
Read More »Oil Falls on Lower China Refining Activity. Fresh U.S. Crude Output Record
Russia and Saudi Arabia are set to open the football world cup. which kicks off in Russia on Thursday.
Read More »Nobody Wins in a Market with Oil Supply Deficits
The 5-year average is close to balance because of OPEC-led efforts to drain the surplus.
Read More »OPEC Predicts Sizable Uncertainty in Global Oil Market
OPEC'.s own oil production rose slightly in May. the monthly report showed.
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