Tag Archives: International News Agency

Emboldened by strong prompt demand amid tighter oil supply due to the U.S. sanctions on Venezuela and Iran.

Major flooding in the Midwest has interfered with crude oil flows from the country’s main storage hub.

Qatar is taking steps to proactively develop its solar power generation.

Chevron sold off much of its assets in the North Sea. no longer viewing the region as a high priority.

Last year. ahead of the return of U.S. sanctions against Iran. there was speculation that Washington could use crude oil from the U.S. Strategic Petroleum Reserve to cushion the blow.

OPEC’s oil production dropped to a 2015 low of 30.17 million bpd in May.

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday amid an escalation of geopolitical events

U.S. monthly output peaked at 11.966 million bbl d in December.

OPEC and its allies including Russia are scheduled to meet on June 25-26.

Despite lower supplies. crude oil has fallen from a six-month high above $75 a barrel in April to below $68 on Thursday.