Saudi Arabia’s compliance with OPEC’s output-cut deal fell to 26 percent in June.
Read More »Oil Prices Fall as Supply Disruption Concerns Ease
The United States holds a reserve of about 660 million barrels.
Read More »Mnuchin: U.S. will Consider some Waivers on Iran Sanctions
The Trump administration has said there are more than 50 foreign companies that have withdrawn their business from Iran.
Read More »Next OPEC Meeting Set for Late Sept in Algiers
The meeting will allow OPEC members to discuss ways to maintain oil market stability.
Read More »OPEC Production Hits 4-month High of 31.87 mb d
OPEC is a 14-country oil cartel. which includes Nigeria.
Read More »US Expected to Become World`s Top Oil Producer Next Year
The United States led the world in oil production for much of the 20th century.
Read More »Russia may Boost Oil Production to Tackle Deficit
Novak said higher crude prices this year would add 2.5 trillion roubles ($40.14 billion) to state coffers this year.
Read More »US Considers Tapping Emergency Oil Stockpiles to Decline Prices
The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973 energy crisis.
Read More »US-Caused Oil Spike will Slow Growth. add to Tariff Impact
The US president had launched a sharp public attack on Germany on Wednesday for supporting a Baltic Sea gas pipeline deal with Russia.
Read More »Current Level of Oil Prices Stems from US Trade War
A sharp growth in fuel prices that have risen by over 8% year-to-date. has forced the authorities to take emergency measures.
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