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Crude oil is on track for its fourth gain in five days after U.S. government data showed a much larger than expected draw in commercial crude inventories last week, adding to growing evidence of supply pressures.
Saudi Arabia has called off plans for the domestic and international listing of state oil giant Aramco, billed as the biggest stock flotation in history, four senior industry sources said on Wednesday.
The Texas Gulf Coast oil terminals sent abroad more crude than they received in April, the Energy Information Administration said this week. During that month, crude oil exports from the Houston-Galveston port district exceeded imports by 15,000 bpd.
Just like 1929 Japan, the Achilles heel of the Chinese economy is their extreme oil dependence. This will undoubtedly impact Chinese foreign policy. How bad could it get?
On June 1, sometime between the US withdrawal from the JCPOA in early May, and its demand in late June that Asian buyers fully halt Iranian oil purchases, PetroChina snuck in a shipment of Iranian crude through Myanmar to its Yunnan Petrochemical ref
China and Asia have had the economic growth for the last few decades and the growth in oil demand. US fracking has supplied 6 million barrels per day of the total 10.5 million barrels per day of increased oil demand. Almost all of the new oil dema
While it's true that China's crude oil imports recovered slightly in July, it was still among the lowest so far this year due to a decline in demand from smaller so-called independent "teapot" refineries.
Saudi Arabia wants its Public Investment Fund (PIF) to control more than $2 trillion by 2030 so that it can be used to support transition from oil.
Carbon Tracker Data Scientist Laurence Watson explains Carbon Tracker's new EV Oil Displacement Tool, which models the implications for global oil demand of the growth and increasing efficiency of Electric Vehicles (EV's) which could displace up to 8
Turkey plans to keep purchasing Iranian oil in defiance of American sanctions on the rogue regime, according to the NATO ally's top diplomat.
A new analysis shows oil prices could rise to $200 per barrel, and even higher, in the next 12 to 18 months.
Crude oil and natural gas production hit a new record in June with the highest production ever in the U.S.
Trump believes all he has to do to make things happen is to issue an ultimatum. One Tweet will explain.
The speculators are at it again in the oil market, pushing up prices beyond the fundamentals.
Saudi Arabia, White House play down Trump comments
President Trump is warning US allies to cease purchasing Iranian oil by November at the latest. At the same time he's demanding OPEC (of which Iran is a member) start pumping harder to keep gas prices in the US stable. Make sense? It's all about "reg
I did not believe Trump would be so foolish as to force the entire world to accept Iranian sanctions. I was wrong. Here's my general policy: When you are wrong, it's best to admit it or someone will admit it for you, in a worse way.
U.S. oil prices settle at highest since 2014 as crude supplies notch biggest weekly drop of the year
Trump's open and repeated criticism of OPEC and its influence on oil prices provides credibility to the belief that he would sign into law the NOPEC legislation that is currently making its way through Congress.
I've been looking at some of the globalist summits around the world lately but here's one that slipped under the radar: the International Energy Forum. The IEF's 16th bienniel energy ministers meeting took place in New Delhi this past April and
Every week the crisis in Venezuela takes a turn for the worse...
While many analysts and agencies have already called the end of the global oil glut, oil held in floating storage in Europe is at an at least 18-month-high, also due to the booming U.S. oil exports that have displaced some of the traditional crude oi
President Trump is stepping up his attack on Iran. He's now planning the long-game for maximum pressure. The news that Trump quietly asked Saudi Arabia to ramp up output by 1 million barrels a day is the key.
The U.S. government has quietly asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day, according to people familiar with the matter.
The U.S. government has quietly asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day, according to people familiar with the matter.
Will Oil Shock Trigger The Next Recession?
minimize environmental pollution...(Natural News) There are few greater oxymorons than "environment-friendly oil company," especially if said company is the biggest example in the world. But Saudi Aramco is trying to do just that, using nanotechn
Amid Crippling Nationwide Strike, Sending Stock, Real Tumbling
U.S. crude oil production jumped 215,000 barrels per day (bbl/d) to 10.47 million bbl/d in March, the highest on record, the Energy Information Administration (EIA) said in a monthly report on May 31.
NEW YORK CITY (FOX5NY) - With the summer travel season fast approaching, gas prices are on the rise but some people are getting sticker shock in Manhattan.
