Oil

Oman is one of the non-OPEC nations to take part in the JMMC that was formed in 2016 to control falling oil prices.

The IEA warned that mostly due to U.S. shale. total supply growth could exceed demand growth.

Brent at above $70 a barrel ``will trigger some increased discussion within OPEC.

The oil industry is having more difficulty than it has before in developing its infrastructure.

Oil prices and tanker earnings often move in opposite directions.

OPEC and its partners are seeking to bring the amount of oil in storage worldwide down to its five-year moving average.

In eight years. the Obama administration oversaw 11 lease sales. while the Carter Administration authorized a record 36.

Russia comfortably remained China'.s top crude supplier in November.

New projects in Brazil and Canada could add as much as rising U.S. exports.

About 30.000 barrels per day of crude will be trucked to Iran’s Kermanshah refinery in the first instance.