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Saudi Arabia. the world’s largest oil exporter. has already cut production more than required.
Read More »Saudis are Discussing Options with Producers to Halt Oil`s Slide
China Rescues Venezuela’s Run-Down Oil Refineries
China and Russia have an interest in preventing the complete collapse of Venezuela’s oil industry.
Read More »Big Oil`s Big Bet on Natural Gas
Gas has been one of the headwinds impacting earnings for the majors.
Read More »Saudi Arabia Is Sending More Oil to China
China imported a record amount of crude from Saudi Arabia in June.
Read More »OPEC Production Lowest since 2014 as U.S. Squeeze on Iran Continues
OPEC reduced output at the start of this year as part of an agreement with other producers.
Read More »U.S. LNG Exports to Europe Increase amid Demand Decline
LNG from the United States accounted for 7% of China’s total LNG imports in the first six months of 2018.
Read More »Oil Declines as Investors Weigh Hormuz Tensions with Trade Talks
Oil is heading for its second monthly loss this year as a gloomy economic outlook eclipses concerns crude flows may be disrupted from the Middle East.
Read More »Iran Warns Brazil over Stranded Ship Barred From Refueling
To resolve the stand-off. Iran is considering sending fuel to the stranded ships.
Read More »Saudi Arabia will Build First Wind Power Plant
Saudi Arabia is seeking to develop new industries to wean its economy off oil.
Read More »Tanker Battles Fail to Move Oil Prices
Shipping insurance has climbed following multiple rounds of seizures and tanker attacks earlier this year.
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