Oil Prices’ll Stay at $40-60 Despite OPEC Cuts —Moody’s Oil prices will continue to hover between $40 and $60 per barrel in 2018 despite the extension...
Global Oil Prices Surge on Iran Unrest The unrest in Iran is fueling surge in global oil prices as investors expect further tightening in global oil...
Oil Rallies on Libya Pipeline Explosion Oil traded above $66 a barrel as crude production in Libya fell below 1 million barrels a day after a...
Oil prices in the international market sustained their rally on Tuesday, with the Brent crude, the international benchmark for crude oil, trading at $65.24 a barrel,...
World Bank to Stop Financing Oil, Gas Projects from 2019 The World Bank will stop financing oil and gas exploration and extraction from 2019, it announced...
US Import of Nigerian Crude Hits Four-year High For the first time in more than four years, the United States’ monthly import of Nigerian crude oil...
U.S. Energy Storage Surges 46% Led by Big Project in Windy Texas U.S. energy-storage capacity surged 46 percent in the third quarter, mainly due to a...
Oil Prices Moderate on Rising U.S. Oil Rigs Global oil investors have started holding back on growing U.S. oil rigs, even as OPEC promise to extend...
Nigeria, Libya in Focus as OPEC Meets Today Nigeria and Libya will expect to face growing pressure from their counterparts in the Organisation of Petroleum Exporting...
Oil Trades Above $58 as U.S. Stockpile Draw Boosts OPEC Optimism Oil held near a two-year high as U.S. crude inventories shrank, adding to optimism that...