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Crude production from members of the Organization rose by 127.000 barrels a day in October.
Read More »Output from Russia. Cartel Offsets Loss from Iranian Sanctions
The US`s Biggest Oil Companies Join to the `Climate OPEC`
The move marks a reversal for these companies - which did not join the Oil and Gas Climate Initiatives (OGCI) when it was set up in 2014.
Read More »Libyan Attack Triggers Rally in Oil Stocks
Libyan crude has been seen as an additional alternative to Iranian supplies.
Read More »US Sanctions on Iran. Trade Disputes Brings Political Risk to Oil Markets
The US'.s growing trade dispute with China and spats with other trading partners are likely to dampen demand growth.
Read More »EIA Lowers U.S. Crude Production Outlook for 2019
EIA expects 2018 output at 10.7 million barrels per day. fractionally down from 10.79 million barrels projected last month.
Read More »BP`s Shale Deal Signals Huge Ambitions
Big oil companies are pouring money into shale assets. scrambling for access to the best acreage in Texas.
Read More »Oil Futures Holds Gain as Red Sea Shipments Paused
Saudi Arabia pausing oil shipments through the Red Sea caused oil futures remain high.
Read More »Malaysian Oil Company Sapura Plans $750 Million IPO
Since July last year crude oil prices have gained 56%.
Read More »Fall in U.S. Crude Supplies for the First Time in 3 Weeks
EIA reported Wednesday that crude supplies fell by 2.2 million barrels for the week ended May 4.
Read More »Oil Tops $70 as Supply Optimism Overshadows Iran Deal
Ahead of official numbers. API data shows sizable declines in US crude inventories.
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