2018 Market Update: United States Rises to World’s No. 1 Oil Producer
The United States is producing oil at record levels – 10.88 million barrels per day – and the country …
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OPEC Break-Up: Qatar’s Exit from the Grouping Seen as a Political Move
Qatar has announced its intention to leave the Organization of Petroleum Exporting Countries (OPEC) to increase its own production. …
Stabilizing Oil Market: Saudis Pondering Production Cut Despite Trump’s Pressure
Saudi Arabia is not going to act alone to cut oil production to stabilize the market, Energy Minister Khalid …
Geopolitics of Energy: Iraq Restarts Oil Exports from Kirkuk
Iraq resumed exports of Kirkuk oil, which stopped a year ago due to a standoff between the Iraqi central …
Market Update: Oil Prices Headed Down Amidst Eight Iranian Sanctions Waivers
Oil prices declined on the news that the United States would grant some countries waivers on Iranian crude imports. …
Market Update: Oil Prices Slump as US Sanctions on Iran Loom Large
Brent oil prices has gone down recently in response to the rising global supply and persisting weakness in global …
Tehran Defiant: Iran Oil Exports Not Endangered by US Sanctions
The United States cannot prevent Iran from exporting its oil, Iran’s oil minister Bijan Zanganeh said earlier this week. …
Geopolitics of Energy: Saudi Arabia Acting as Oil ‘Shock Absorber’ for India
Oil prices went up earlier this week in response to the anticipating fall in in Iran’s oil exports ahead …
White House Pondering Exceptions to Oil Sanctions on Iran
The White House is actively considering exceptions to the US sanctions on Iran that it will reimpose in November. …
Clouds Lift from Libya’s Troubled Oil Sector: Foreign Companies Back in Action
Italy’s Eni is to acquire a controlling stake of BP’s Libya assets and plans to start oil exploration there …