A year ago. in the enduring twilight of one of St. Petersburg’s famous white nights of summer. Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.
Read More »OPEC Focused on Market Stability
Increasing trade friction and potential barriers would certainly have a negative impact on the global economy and oil demand growth.
Read More »Why Trump Won`t Use His Ultimate Oil Weapon
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.
Read More »Iran Most Influential Country on Crude Price
Iran currently holds the most influence over crude oil price movement. followed by Russia and the United States.
Read More »Trump and Xi Killed the Oil Rally
The U.S.-China relationship has moved further off track over the past two weeks.
Read More »US Can’t Ensure Cheap Oil Supply to India
India’s total crude oil imports for FY19 was marginally down to 209.4 million tonne.
Read More »Market Awaits Impact of Iran Sanction Waivers Expiration
EIA data showed the inventories jumped almost 10 million barrels last week.
Read More »Iraq`s Crucial Part in Oil Industry’s Future
Iraq has adequate supplies of natural gas but has been flaring gas at increasing rates as oil production climbs.
Read More »Tightening Market could Rise Brent Price This Summer
Several geopolitical factors in the coming months could lead to higher oil prices than the current $71 a barrel Brent.
Read More »World`s Most Profitable Company in 2018
The company is preparing to raise debt in part to pay for the acquisition of a majority stake in domestic petro-chemical group Sabic.
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