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The price for September futures of West Texas Intermediate (WTI) dropped by 0.14 percent and stood at $49.09 per barrel.
Read More »OPEC Oil Price Down
Libya Supply Drives OPEC Output to a 2017 high
Oil production has risen amid efforts to shift excess supplies.
Read More »Saudi Arabia Maintains Share of Japan`s Oil Imports
Despite production cuts. kingdom holds onto 40% slice by discounting light grade.
Read More »Aramco Increase Prices of Light Oil to Asia
The move is a sign that the market in the region is tightening.
Read More »Oil Markets Brace for Possible U.S. Sanctions on Venezuela
Venezuela is a key source of heavy sour crude supplies for U.S. refiners.
Read More »Iran Oil Price Near $47
OPEC hopes the market rebalancing will accelerate in the second half of this year.
Read More »Six-Fold Rise in EU Oil Imports from Iran
Italy purchased 2.8 million tons in the four-month period. accounting for nearly 30% of all imports.
Read More »Oil Traders Await U.S. Reaction to Venezuelan Vote
The U.S. buys about a third of Venezuela’s crude production and is the main buyer that pays in cash.
Read More »OPEC. Non-OPEC Nations to Meet on Compliance with Oil Targets
Iraq. the second-biggest producer in OPEC. will also attend the meeting. the people said.
Read More »The Prospect of Russia. US Cooperation on Gas Supply
The general observation is that Russia has huge and promising projects to offer. and American companies have immense expertise and effective technologies.
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