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US Oil Prices Up 50%

11 April 2019 - 14:08
Venezuela is in chaos. Iran is grappling with US sanctions. And now there is a surge of violence in Libya. Trouble in these three OPEC nations has helped send US oil prices climbing back above $64 a barrel.

Kuwait Says May Back Extension of OPEC-Led Cuts

11 April 2019 - 14:01
Kuwait will back an extension of OPEC-led production cuts beyond June if it's clear supply and demand factors warrant it, Haitham al-Ghais, Kuwait Petroleum Corp's manager for market research and the country's OPEC governor, said Wednesday.

India Delays May Order for Iran Oil

10 April 2019 - 08:13
Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from US sanctions against the OPEC-member, four sources said.

Russia Signals OPEC, Allies Should Raise Output

9 April 2019 - 14:15
One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signaled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market conditions and falling stockpiles.

Oil Climbs to 5-Month High Amid OPEC Cuts

9 April 2019 - 14:04
Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, US sanctions against Iran and Venezuela, fighting in Libya as well as strong US jobs data.

US Shale Revolution Showing Signs of Fatigue

8 April 2019 - 16:14
After Texas pushed the United States over the last decade to become the world’s biggest oil producer last year, the heart of the shale revolution is starting to show fatigue.

Norway’s $1Trillion Fund Eyes Renewable Assets

8 April 2019 - 16:07
Weeks after Norway’s government proposed that the country’s $1-trillion fund divest from pure exploration and production oil companies, the cabinet said that it will allow the world’s biggest sovereign wealth fund to invest in unlisted renewable energy infrastructure.

$6 billion private capital ready to invest in mining

7 April 2019 - 19:45
Private capital tracker Preqin says in an report, that contrary to expectations, 2018 was another bumper year for the industry, particularly for natural resources investments.

Official: Iran-Iraq Joint Oil Fields Un-Damaged by Flood

7 April 2019 - 19:35
Head of Iran’s Petroleum Engineering and Development Company Turaj Dehqani dismissed the rumors that massive floods have affected crude production in joint oil fields with neighboring Iraq.

Iran, Iraq Seal Deal to Develop 2 Joint Oil Fields

7 April 2019 - 19:25
Iranian Oil Minister Bijan Namdar Zanganeh announced on Sunday that Tehran and Baghdad have reached an agreement to jointly develop two shared oilfields, namely Naft Shahr and Khorramshahr.
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