OPEC oil basket’s price stood at $44.23 per barrel on June 27. or $1.09 more than on June 26.
Read More »Brazilian Exports Give OPEC Supply Headache
Brazil becoming a relevant exporter is complicating OPEC’s efforts to control prices through supply cuts.
Read More »Cheap Fuels Seen Lowering Electricity Rates in Japan
Japan has cut back on LNG imports two years in a row.
Read More »China. India. Japan Hamper Asia Oil Demand Growth
The slide in oil prices continues as markets remain sceptical of OPEC´s ability to balance supplies.
Read More »U.S. Oil Rig Count Rises for 23rd Week In A Row
Over the last two weeks. Canada saw significant gains in the number of active oil and gas rigs. This week. Canada saw another large growth spurt. adding 11 rigs.
Read More »Oil Markets See Heightened Conflict Risk in Saudi Arabian Power Shift
Economic pressure on Saudi Arabia is set to intensify as the state spends at home and abroad.
Read More »Iraqi Oil Exports Fall to 5-Month-Low
Iraq has undertaken the second largest cut in oil output after Saudi Arabia among the participants of the OPEC deal signed last year in Vienna.
Read More »Iran: US Oil Boom Pushed Prices Down
The US shale oil output will make up more than half of the 1.5 mb d in non-OPEC supply growth forecast for the next year.
Read More »Oil Min: OPEC Considering Deeper Output Cuts
The reason for the discussion is an increase in the levels of U.S production which OPEC members had not predicted.
Read More »Oil Prices Pauses After Sharp Falls
Saudi Arabia'.s crude exports in April fell to 7.006 million bpd. official data showed on Monday.
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