China is trying to stem the slowdown with aggressive fiscal stimulus measures.
Read More »Political Turmoil in Venezuelan Threatens Crude Supply
Venezuelan production will decline by an additional 300.000-500.000 barrels per day (bpd) this year.
Read More »Oil Records 11% Weekly Drop
Oil prices fell on Friday. as fears of a supply glut continues.
Read More »Brent Crude Slip on Global Economy Worries. U.S. Oil Prices Steady
The U.S. Federal Open Market Committee (FOMC) is set to start a two-day meeting on Tuesday.
Read More »Slipping Rig Count Can’t Keep Oil Prices From Falling
Baker Hughes reported a 4-rig decrease for oil and gas in the United States this week—a loss in rigs for the third week in a row.
Read More »Oil Prices Rise amid Expected OPEC Cut
Japanese refiner Fuji Oil is set to resume Iranian crude purchases after Japan received one of those waivers.
Read More »Oil Prices Rise by 1% after Saudi Announces Cut in Supply
The rig count is an indicator that U.S. crude production will increase further.
Read More »Weatherford Mulls Manufacturing Expansion in the Middle East
Weatherford posted a net loss of $199 million (Dh730.8m) for the third quarter year-on-year.
Read More »Oil Firms Stick with Saudi Through Khashoggi Scandal
The United States will remain a key part of the Saudi economy.
Read More »Saudi Aramco Signs 15 Deals Worth $34bn with Energy Companies at FII
``Davos in the Desert`` has more than 150 speakers from 140 different organizations and 17 global partner entities.
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