According to results announced by the KRG. nearly 93 percent of registered voters cast ballots in favor of independence.
Read More »OPEC Points to Larger 2018 Oil Supply Deficit as Market Tightens
OPEC and its allies are discussing extending their supply pact for as long as nine months.
Read More »Some Traders See $80 Crude before Christmas
A total of 48.000 contracts have traded over the last few days that would profit most if Brent spikes before Christmas.
Read More »OPEC Reaffirms Iran`s Pledge to Supply Cuts
Iran'.s own data submitted to OPEC pointed to bigger cuts.
Read More »BP CEO: Venezuela Is Main Geopolitical Concern for the Oil Industry. not the Middle East
The Venezuelan economy has been in recession for four years. where food shortages. the lack of U.S. dollars and the depreciation of its own currency. has sent inflation soaring.
Read More »OPEC Head Says Oil Cuts `Only Viable Option` to Stabilize Market
Output cuts by OPEC and other producers such as Russia and Oman have started to pay off.
Read More »Oil Markets Cautious on Middle East Tensions. Increased U.S. Drilling
U.S. oil producers have raised output C-OUT-T-EIA by more than 14 percent since mid-2016 to a record 9.62 million barrels per day.
Read More »OPEC Concedes That U.S. Shale Won’t Die
The group sees U.S. shale fizzling out after 2025. leaving OPEC once again in charge.
Read More »ADIPEC 2017 Opens Tomorrow. World Energy Leaders to Meet in Abu Dhabi
For the first time. the exhibition and conference will include the downstream petroleum industry.
Read More »Iran’s Light Crude Oil Price Exceeds $60 Per Barrel
Dubai and Oman crude oil prices are respectively $58.77 and $58.70 per barrel. indicating an upswing of $2.51 and $2.56.
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