Oil prices and tanker earnings often move in opposite directions.
Read More »Oil Min: OPEC doesn`t Like Oil over $60 as It Nears $70
OPEC and its partners are seeking to bring the amount of oil in storage worldwide down to its five-year moving average.
Read More »Slow Respond of Oil Companies to New U.S. Lease Plan
In eight years. the Obama administration oversaw 11 lease sales. while the Carter Administration authorized a record 36.
Read More »Iraq Rectifies Saudi Crude Supply Gap in China
Russia comfortably remained China'.s top crude supplier in November.
Read More »Markets are Preparing for OPEC Output Cuts
New projects in Brazil and Canada could add as much as rising U.S. exports.
Read More »Iraq to Start Exporting Kirkuk Oil to Iran before End-Jan
About 30.000 barrels per day of crude will be trucked to Iran’s Kermanshah refinery in the first instance.
Read More »Norway`s Arctic Oil Drilling Decision Blow to Environmentalists
Norway is Western Europe'.s largest producer and exporter of oil and gas.
Read More »Iraq Oil Min: U.S. Firms Interested In Boosting Oil. Gas Presence in Iraq
In southern Iraq. Chevron is one of the major foreign companies—alongside France’s Total and Petrochina.
Read More »Oil Market Key Indicator Displays Market Tightest in Three Years
The market is tightening and it’s tightening very quickly.
Read More »Iran Unrest. High Demand Take Crude Oil near $68
Freezing weather in the United States has spurred short-term demand. especially for heating oil.
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