The price for September futures of West Texas Intermediate (WTI) dropped by 0.14 percent and stood at $49.09 per barrel.
Read More »Libya Supply Drives OPEC Output to a 2017 high
Oil production has risen amid efforts to shift excess supplies.
Read More »BP: Oil Will Stay Below $55 in 2018
Brent crude oil prices were expected to remain broadly unchanged in 2018 as U.S. shale production is able to expand at these levels. effectively capping prices.
Read More »Saudi Arabia Maintains Share of Japan`s Oil Imports
Despite production cuts. kingdom holds onto 40% slice by discounting light grade.
Read More »Iran’s Crude Exports Rise 2.2mn bpd
In July. Iran managed to ship over 2.2 million barrels of crude oil to Asian and European markets.
Read More »Iraq-Iran Deal Over Kirkuk Oil Unconstitutional: Kurdish Official
A Kurdish MP in the Iraqi Parliament told Kurdistan 24 that efforts have been made by the Kurdish representatives in Baghdad to summon the Oil Minister to Parliament over the oil deal with Iran.
Read More »Aramco Increase Prices of Light Oil to Asia
The move is a sign that the market in the region is tightening.
Read More »Iran Oil Price Near $47
OPEC hopes the market rebalancing will accelerate in the second half of this year.
Read More »Six-Fold Rise in EU Oil Imports from Iran
Italy purchased 2.8 million tons in the four-month period. accounting for nearly 30% of all imports.
Read More »Iran and Iraq Reach Agreement for Pipeline
Kirkuk will take part in the referendum this fall. deciding whether they want to remain with Iraq or join Kurdistan’s bid for independence.
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