Flood of U.S. Oil to Asia Comforts Tanker Market Trashed by OPEC OPEC all but trashed the tanker market with its output cuts. That the damage...
US Import of Nigerian Oil hits 42-month High The increase in the United States’ imports of Nigerian crude oil has continued, with a record import of...
Oil Extends Gain as Stocks Struggle; Pound Climbs Crude extended its advance, standing out amid range-bound global markets as investors await the latest Fed minutes and...
U.S. Petroleum Exports Climb to Record as Crude Output Grows When it comes to petroleum, the U.S. is the land of plenty. The year 2017 started...
Down 10%, Mexico Oil Reserves Gone in 9 Years Without New Finds Mexico’s existing oil reserves are dwindling so fast the country could go dry within...
Kuwait Shuts its Oldest Oil Refinery Kuwait would permanently close its oldest oil refinery on Friday, an official said on Thursday. The shutdown of the 49-year-old...
Goldman Sachs Warns of Another Oil Glut in 2018 Leading global investment banking firm, Goldman Sachs, had warned that another downturn in global oil prices could...
Oil Speculators Can’t Dump Rally Bets Fast Enough Amid Glut The bullish sentiment following OPEC’s deal is almost all gone. Hedge funds haven’t been so skeptical...
Algeria Joins Call to Roll Over Oil-Output Cuts Beyond June Algeria’s energy minister supports extending global oil production cuts beyond June as he thinks the strategy...
Oil Prices Recover Marginally as OPEC, Non-members Meet Sunday Crude oil prices hovered above a four-month low on Thursday, recovering slightly from last Wednesday losses as...