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Qatar Petroleum's CEO cited proposed "NOPEC" legislation as deeply problematic... [Read More]
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Robin Mills of Qamar Energy weighs in on the supply and demand challenges faced by the Organisation of the Petroleum Exporting Countries. [Read More]
A Florida firm has sued Venezuela for $34 million for defaulting on bonds that matured in 2018, according to a filing in a U.S. court... [Read More]
CARACAS, Dec 18- A Florida firm has sued Venezuela for $34 million for defaulting on bonds that matured in 2018, according to a filing in... [Read More]
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Concerns about America's shale industry and a slowing global economy knocked more than 4 per cent off the oil price yesterday even as Opec nations... [Read More]
QUITO, Dec 18- Ecuador will slash gasoline subsidies and cut government workers' salaries in a bid to reduce the fiscal deficit by $700 million, officials... [Read More]
TRIPOLI/BENGHAZI, Libya, Dec 18- Libya's state oil company NOC has declared force majeure at the country's largest oilfield, El Sharara, a week after announcing a... [Read More]
* OPEC+ production cuts will take time to kick in (Updates prices, adds Libya force majeure) [Read More]
OPEC heavyweight Saudi Arabia on Tuesday announced an expansionary budget for 2019 but projected a shortfall for the sixth year in a row due to... [Read More]
* OPEC+ production cuts will take time to kick in (New throughout, updates prices and market activity) [Read More]

Oil prices dived 5 percent to a 15-month low Tuesday as the United States and Russia continued to pump at record levels ahead of planned... [Read More]

Pressure has been mounting on crude oil prices since the beginning of this week. After a brief recovery following the OPEC (Organization of the Petroleum... [Read More]
OPEC kingpin Saudi Arabia on Tuesday announced an expansionary budget for 2019 but projected a shortfall for the sixth year in a row due to... [Read More]
Libya's state-owned National Oil Company declared force majeure on operations at its biggest oilfield late Monday night amid a standoff with armed protesters, expecting a... [Read More]
Without the Organization of the Petroleum Exporting Countries (OPEC) the world will lose its safety net that stabilizes the oil market from supply disruptions and... [Read More]
Next year does not look like a time to be betting on the price getting much stronger... [Read More]
Oil prices fell more than 3 per cent in morning trading amid ongoing worries about supplies and a slowdown in global growth. The price of... [Read More]
Oil prices fell more than $1 on Tuesday, dropping for a third session as reports of growing inventory and forecasts of record shale output in... [Read More]
Oil prices fell more than $1 on Tuesday, dropping for a third session as reports of growing inventory and forecasts of record shale output in... [Read More]
Oil prices sank to a 15-month low on Tuesday as the United States and Russia continue to pump at record levels ahead of planned output... [Read More]
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