Oil

A rebound in crude prices helped the world’s energy supermajors generate higher profits in the second quarter.

U.S. shale production is expected to slow over the next year.

The cut in Arab Light prices for September was the second consecutive monthly reduction of the OSP to Asia.

The company had last month halted all its shipments through the route following an attack on two of its very large crude carriers.

The oil market has been speculating about how much of Iran’s exports could be eroded by the U.S. sanctions.

Russia has used stocks held in tanks at its oilfields to boost production.

Saudi Arabia pumped 10.488 million bpd of crude oil in June. an increase of 458.000 bpd from the production figure it submitted for May.

U.S. oil production may not be growing quite as fast as everyone thinks.

Japan’s imports of Iranian oil increased by 10 percent in June compared to the same month last year.

Saudi Arabia’s stated spare capacity is actually lower than its actual spare capacity.