Iraq’s Oil Exports Decline as Kurdish Fight Cuts Output
Iraq’s crude exports fell 7 percent in October after the Kurdish region held an independence referendum that sparked fighting with federal troops, interrupting pipeline sales….
oil
In Oil-Producing Iran, Renewables Are Booming
OSLO — Renewable energy is booming in Iran, where installed capacity is expected to grow at least sevenfold over the next five years, despite U.S….
Kurdistan and Iraq tensions lift oil prices
Oil prices rose above $57 a barrel on Friday as tensions between Iraqi government forces and Kurdish peshmerga intensified near the oil-rich city of Kirkuk,…
OPEC set to meet with allies on compliance
Oil traded near $50 a barrel in New York as efforts by Venezuela’s president to seize more power raised speculation the U.S. could step up sanctions….
Oil prices, half a step is not enough
Reality is slowly dawning. Saudi Arabia has recognised that it is the swing producer in the global oil market and the only country with the…
Petroleum companies slim drilling budgets as caution takes hold
Caution lights are flashing for the oil industry. Facing lower-than-expected commodity prices, drillers from ConocoPhillips to Hess to Statoil have slashed their capital spending plans…
Kuwait and UAE pledge to cut oil output
Kuwait joined the United Arab Emirates in promising to pump less oil after Saudi Arabia called on fellow OPEC producers to cut more supply to…
Oil is near 8-week highs
Oil prices edged lower on Friday but were still near eight-week highs, buoyed by a decline in US inventories and oil cartel Opec’s ongoing efforts…
Oil price pauses
Oil futures edged lower on Thursday after fresh gains in the U.S. amid bullish weekly data on both supplies and production. The Energy Information Administration…
Saudi Arabia is nervous over OPEC compliance
OPEC officials are hoping to limit the production of both Libya and Nigeria, as fears grow that the two exempted members are undermining cuts from…