Saudi Arabia confirmed that its oil supplies to Canada would not be impacted by the ongoing dispute between the two countries after the Kingdom froze
Category: Oil
Oil Market Update: Gasoline Prices Too High for American Drivers
US oil prices went up again after Saudi Arabia said it was not planning to inundate the market with oil to drive price lower and
Will It Ever Happen? – Doubts Mounting Over Saudi Aramco’s IPO
There are growing doubts regarding the public listing of Saudi Arabia’s state oil company Aramco as preparations for its IPO have stalled. Aramco’s IPO is
The Geopolitics of Oil: Iran Fights Back Against US Threats to Block Its Oil Exports
Iranian President Hassan Rouhani said that his country would maintain its firm stance against US threats to undermine Iranian oil sales, and warned that the
British Petroleum and US ConocoPhillips Swapping Assets
BP and ConocoPhillips said they agreed on a swap deal that will see the British oil company increase its share in a major North Sea
Market Update: Tehran Signals Compromise with OPEC’s Output Increase Plan
Iran hinted that it would agree to a compromise on a small boost in OPEC production during the cartel’s meeting last Friday. Saudi Arabia has
OPEC’s Back to Old Days: Squabbling Over Output Boost
OPEC is back in a row mode after an untypical period of agreement. The new squabble is taking place between the cartel’s leader, Saudi Arabia,
Market Update: The World’s Oil Output Rises Again
The oil prices have recently dropped after the United States increased its production level to the highest since March 2015 while Russian oil was also
France’s Total Expands US Petrochemical Business
French energy company Total is going to construct petrochemical plants along the US Gulf Coast. Total said that it was planning to construct a new
Canada Accelerates Works on Trans Mountain Expansion Project
Canada is going to proceed with investments in job creation thanks to the Trans Mountain Expansion Project that will not only provide well-paying jobs but