What's The Real Reason Behind Oil's Collapse
• https://www.zerohedge.com, by Tyler DurdenThe answer to that question, naturally, depends on who is asked.
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The answer to that question, naturally, depends on who is asked.
For the first time since the Vienna OPEC deal in 2016, Saudi Arabia is no longer complying with the quota as Bloomberg calculates that in October, The Kingdom boosted crude production above its starting point for oil cuts.
Russian oil exporters are pressuring Western commodity traders to pay for Russian crude in euros and not dollars as Washington prepares more sanctions for the 2014 annexation of Crimea by Moscow, Reuters reported last week, citing as many as seven in
Venezuela will present its state-backed cryptocurrency Petro as a unit of account for crude oil trading to the Organization of the Petroleum Exporting Countries (OPEC) in 2019, the country's oil company PDVSA reports on its Twitter Nov. 7.
In a setback for the Trump administration, a federal judge in Montana temporarily halted construction of the Keystone XL oil pipeline late on Thursday on the grounds that the U.S. government did not complete a full analysis of the environmental impac
If anyone needed any further proof that Africa is shaping up as the next major hot spot in oil and gas, this year's edition of Africa Oil Week will provide it.
The U.S. stockpile of commercial crude oil continued to rise with the country's record oil production estimated at 11.6 million barrels a day, and domestic oil prices are now down to their lowest levels since March.
The U.S. stockpile of commercial crude oil continued to rise with the country's record oil production estimated at 11.6 million barrels a day, and domestic oil prices are now down to their lowest levels since March.
China is pulling out all stops in order to increase its oil and gas production, but at the end of the day it will likely not be enough to stop the world's second largest economy from becoming over reliant on geopolitically charged crude oil and nat
The decision by the U.S. to grant waivers to eight countries, allowing them to continue to import oil from Iran, has helped ease the tension in the oil market. No longer are oil traders talking about $100 oil.
Venezuela's controversial national cryptocurrency, the petro, is slowly permeating the everyday lives of its citizens. The currency, each unit of which is supposedly backed by a barrel of oil, has begun appearing on screens when Venezuelan customer
Oil futures tumbled to the lowest level since August after Saudi Arabia pledged to meet any supply shortfall that materializes resulting from Iranian sanctions and as tumbling equities weakened sentiment.
Oil. The 19th century was transformed by it. The 20th century was shaped by it. And the 21st century is moving beyond it.
Now that global oil markets have gotten used to Saudi-Russian oil production cooperation that first hit the scene in early 2017 in an effort to reign in global price concerns, it appears that the two fledgling allies are also going to cooperate in th
The national gas price average increased three-cents on the week to $2.91. All but seven states are paying more on the week. Today's national gas price average is six-cents more than a month ago and 41-cents more than a year ago.
The on-again, off-again, never-in-doubt, will-never-happen IPO of Saudi Arabia's state-owned oil company Aramco is back on... for 2021, according to prince Mohammad bin Salman.
America's second-largest oil client, China, has completely stopped buying crude from the United States as trade tensions between the world's two largest economies continue to grow.
Annoyed that the Saudis refuse to increase oil production, President Trump yesterday threatened Saudi Arabia that US military protection could be withdrawn and that the Saudi regime wouldn't last without it. Is the US military a mercenary force? And
Deal would be a major step toward breaking US sanctions
Over three decades, the value of energy China extracts from its domestic oil, gas and coal supplies has plummeted by half
One week after President Trump tweeted his latest demand for OPEC to cut oil prices (presumably by boosting production), Saudi Arabia is reportedly considering doing just that.
Everyone knows about Stormy Daniels. How many know that the United States is now a net exporter of oil?
Are we nearing another financial crisis?
GREAT AGAIN: USA Is Now The Largest Global Crude Oil Producer – Surpasses Russia and Saudi Arabia – Surpasses Russia and Saudi Arabia
Two weeks after China - the top importer of Iranian crude oil - defied the White House, disclosing that it would continue importing Iranian oil ignoring US sanctions on Tehran, India, the second biggest buyer of Iranian oil exports, has given permiss
In the first physical settlement of the Chinese yuan-denominated oil futures contract, five companies will deliver a total of 600,000 barrels of Middle Eastern crude grades to buyers of the September futures contract that began trading in Shanghai in
The U.S. wants Iran's oil exports to drop to zero, according to a recent statement by National Security Advisor John Bolton. The question is: can the U.S. pull it off?
Iran's Foreign Minister has reminded the European Union that Iran is still waiting to receive guarantees that the EU will continue to buy Iranian oil even after U.S. sanctions kick in on November 4, Reuters reports, citing the Iranian Students' N
International analysts are not giving us the full story on Venezuela.
A surge in New Mexico's income linked to an oil boom may give legislators an extra $1.2 billion to work with as they craft the next annual budget, state economists announced Wednesday.