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This winter could turn out to be a hot one indeed for oil markets.

Trump’s efforts to cut Iran’s access to the global crude market has prompted Russia and Saudi Arabia to take the market hostage.

It'.s a form of transportation uses magnetic levitation to float vehicles above a track.

The largest European oil companies spend about 5 percent of their capital expenditure budgets on ``new energies``.

Russia could raise output by 300.000 bpd.

Libyan crude has been seen as an additional alternative to Iranian supplies.

OPEC and non-OPEC technical committee will discuss proposals for distributing the additional oil-output amongst members.

Experts believe getting rid of the Minimum Import Price will allow solar power to become 30% cheaper

With US rig activity stalling and Iran sanctions looming. the oil market outlook is tightening.

NOC has announced year-to-date revenue for 2018 of 13.6 billion dollars. hitting the highest revenue since 2013.