Oil

The Permian. with 55% of all the active crude rigs in the country. is the busiest American field.

Trump’s order to OPEC members to increase production destabilizes the market.

The oil and gas rig count now stands at 1.052—up 100 from this time last year.

Russian government officials have become increasingly vocal about rising pump prices in recent weeks.

The total amount of oil Saudi Arabia supplied to the market in June was around 10.579 million bpd.

Nigeria has historically assumed a strong. proactive leadership role in OPEC.

Five conditions are needed to solve the crisis to get it over with the terrorist groups.

Iranian President Hassan Rouhani said: ``It has no meaning for Iranian oil not to be exported. while the region’s oil is exported"..

OPEC and non-OPEC countries decided in late 2016 to cut output by 1.8 million barrels per day to boost oil prices.

Moscow and Riyadh recently announced their desire to pump more oil after a relative hike in prices.