The price of crude oil is up about 30% this year.
Read More »US Crude Oil Inventories Highest Since July 2017
Crude inventories rose 4.7 million barrels in the week ended May 17. compared with analysts'. expectations for a decrease of 599.000 barrels.
Read More »Aramco Enters U.S. Shale Gas Business with Sempra LNG Deal
Saudi Arabia is tapping into the U.S. shale revolution that will primarily ship the fuel to buyers in Europe and Asia.
Read More »Oil Prices Drop Three Percent to $70
U.S. crude inventories swelled by 4.7 million barrels in the latest week to their highest since July 2017.
Read More »3rd LNG Project in Arctic with Russian Technology
The development of the Ob LNG will run parallel to the Arctic LNG 2.
Read More »Sanctions Bill on Nord Stream 2 Coming Soon
The opposition to Nord Stream 2 is still very much alive and well in the United States.
Read More »China Hopes Iran Nuclear Deal Fully Implemented
China firmly opposes unilateral sanctions and the so-called '.long-arm jurisdiction'. imposed by the United States on Iran.
Read More »Too Early to Assess Impact of U.S. Iran Sanctions on Market
The OPEC+ alliance feels that it’s still too early to assess how the end of the U.S. waivers for Iranian buyers will impact the oil market as of this month.
Read More »Trade War Leaves LNG Projects Vulnerable
China’s decision to impose tariffs on US LNG will make LNG projects outside of the US more attractive.
Read More »Japan Refiners Tap more Oil from Middle East to Replace Iran Supply
Iranian oil accounted for about five percent of Cosmo'.s total procurement.
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