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.
Read More »Oil Rises on Looming Iran Sanctions
OPEC agreed in June to boost supply to make up for the expected disruption to Iranian exports.
Read More »U.S. Shale Oil Output Rise
Production from the nation’s major shale plays is expected to rise by almost 100.000 bpd month-on-month in November.
Read More »U.S. Drillers Add 11 Rigs
The oil and gas rig count is now 135 up from this time last year.
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