The Permian. with 55% of all the active crude rigs in the country. is the busiest American field.
Read More »Russia`s Big Challenge Now that OPEC Deal is Complete
Russian government officials have become increasingly vocal about rising pump prices in recent weeks.
Read More »Saudi. Russia Reaffirm OPEC Deal of MM-bbl Oil Boost
The terms of the agreement reached last month were ambiguous.
Read More »Iran Oil Exports Slide in Early Ship Data after Trump Sanctions
One bright spot for Iran is its first delivery of crude to Chile in at least 16 years.
Read More »U.S. oil Exports. on the Rise to China. Face Trade Spat Threat
China has been a key recipient of American oil since a 40-year U.S. ban on exports was ended by then-President Barack Obama in 2015.
Read More »Iran`s First Crude Shipment to Chile in 16 Years
The European Union sent a letter to the US Treasury on June 4 asking for exemptions from sanctions.
Read More »Saudi Arabia`s economic Renovation is still Dependent on Oil Prices
Middle Eastern oil exporters had to constrain government spending in recent years after crude prices slid in 2014.
Read More »Another OPEC Member Suffering from Sharp Decline
While plunging output in Venezuela captures the oil world’s attention. problems are quietly festering in another OPEC nation.
Read More »Trump threat to Ditch Iran Deal Is Scaring off Oil Traders
Iran’s current exports are more than twice what they were before energy sanctions were eased in January 2016.
Read More »Libya Fuel Smuggling Costing $750 Million a Year
Libya. holder of Africa’s largest crude reserves and an OPEC member. is already reeling from political divisions.
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