Japan has begun purchasing Russian crude oil above the $60-a-barrel cap, breaking with Western allies thanks to an exception authorized by the…
Browsing: Oil
Brazil produced more than 1 billion barrels last year, the first time it has breached the 1-billion-barrel mark, Reuters reports,…
The outbreak of a coronavirus in China that is now an international threat could cut oil demand by 260,000 bpd,…
Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could…
Mexican state oil company Pemex has announced the biggest oil discovery in the country since 1987. The deposit in the…
Heir apparent to the Saudi throne, Crown Prince Mohammed bin Salman, said that he agrees with US Secretary of State…
Repairs at the Khurais field and the Abqaiq processing facility may take several months rather than the ten weeks tops…
The United States is deploying military forces to the Middle East after Saturday’s drone attacks on major oil sites in…
Saudi Arabia wants its allies to believe Tehran launched attacks on its oil facilities, even though the one thing their…
Iranian President Hassan Rouhani said recent drone attacks on Saudi oil infrastructure were a proportionate Yemeni response to years of…
The ongoing trade war with China is impacting many industries. Market volatility is being exacerbated by President Trump’s pattern of…
Beijing has finally unveiled its response to Washington’s latest tariffs, vowing to hike levies on $75 billion-worth of US exports…
A top US shale executive said that it may only be the Midland basin in the Permian that can grow…
Chinese scientists have invented a honeycomb-style polypropylene material that can soak up oil from water more cheaply and efficiently than…
US Secretary of State Mike Pompeo has said Washington believes Iran is behind the attack on two Japanese tankers in…
Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter than the…
South Korea’s largest energy and chemical company, SK innovation, has boosted oil shipments from Russia and other exporters to offset…
As tensions between Iran and the US continue to escalate, analysts have begun to consider the likelihood and consequences of…