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Russia Set To Reduce Oil Output By 10%

Last Friday, industry sources said that Russia is reducing its oil output by as much as 10 percent for several days amid the disruptions...

Global Oil Price Hits 2019 High

Today, oil prices rose by more than 2 percent to a almost a six-month high, on increasing concerns regarding tight global supplies following the...

Deal To Build New Azeri Oil Exploration Platform Finalized By SOCAR...

In a statement, BP-Azerbaijan disclosed that BP, an Oil major, and SOCAR, the state energy firm of Azerbaijan, signed an agreement last Friday to...

Oil Prices Up 1 Percent

Today, oil prices increased by 1 percent, as fighting in Libya and the declining exports from Venezuela and Iran raised concerns over the tightening...

Iran: U.S. Pressures on Venezuela, Iran Causing Oil Market To Be...

Today, the oil minister of Iran said that the sanctions that are imposed by the United States of America on Venezuela and Iran and...

Oil Remains Flat As Market Anticipates U.S.-China Trade Deal

Today, oil prices held near flat as the market wavered on the expectations that China and the United States would be able to reach...

U.S. Crude Stocks Plunge, Oil Rises 2%

Today, oil futures gained approximatley 2 percent after U.S. crude inventories unexpectedly plunged and as Saudi Arabia brushed aside the comments from U.S. President...

Donald Trump Blames OPEC For ‘Too High’ Prices, Oil Drops Percent

On Monday, oil futures plunged by more than 3 percent after Donald Trump, the President of the United States of America, said that the...

Saudi Reduces Exports, Oil prices Continue Strong Start To 2019

Today, oil prices have continued its rise yet again for its eighth straight session as the Opec cuts in the New Year and hopes...

Iran Claims It Identified New ‘Potential’ Oil Buyers Amidst US Sanctions

Iran is on the hunt for new buyers for its oil after all of the nations that were granted waivers from the United States...

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