There’s lots of concern that the increased cost in pipe will increase the costs for oil.
Read More »Saudi Arabia Holds all the Cards despite Iran Threatening to Block oil output
Tehran says it has Iraqi and Venezuelan support to veto any proposal for more output.
Read More »Oil Drops near $64 as OPEC Clash Looms
OPEC and its allies could consider a production increase of as much as 1.5 million barrels a day.
Read More »OPEC`s Meeting could Prove Bullish for Oil Markets
OPEC+ as the Saudi-Russia alliance is called are mulling an ".ease-off". of compliance.
Read More »Venezuela Oil Production Dramatic Decline
IEA forecasts that Venezuela’s oil production could drop to Just 800.000 bpd or even lower next year.
Read More »Any Oil Production Cut should be by Consensus
OPEC'.s upcoming meeting must do everything possible to prepare the markets.
Read More »China Issues Retaliatory Tariffs against the US
Move comes after White House imposed tariffs on $50 billion of Chinese goods.
Read More »Will Current OPEC Deal Survive?
At the last OPEC meeting in Vienna. the agreement was again extended until the end of 2018.
Read More »Libya`s Two Biggest Oil Ports Shut as Fighting Resumes
Reports indicate that the Aframax tanker Minerva Lisa was due to pick up oil at Es Sider Thursday.
Read More »Oil Falls on Lower China Refining Activity. Fresh U.S. Crude Output Record
Russia and Saudi Arabia are set to open the football world cup. which kicks off in Russia on Thursday.
Read More »