Tillerson got oil industry award
US Secretary of State Rex Tillerson said today that he misses his oil industry “colleagues, partners and competitors” as he accepted an award at the…
oil
Oil below $45
Futures dropped as much as 1.9 percent in New York, erasing Thursday’s 0.9 percent gain. US oil output last week increased by the most since…
Oil vs gold – Photo
The API data released this week showed that investors are excessively anxious about the supply glut. We saw a major draw down and it was…
OPEC supplies rise again and brent oil remains below $50
Brent crude oil remained below $50 per barrel on Wednesday, weighed down by another rise in OPEC supplies despite a pledge to cut production, but…
Non-oil economy of UAE picks up amid job market stagnation
Dubai’s biggest bank Emirates NBD said Tuesday that non-oil private sector of the United Arab Emirates (UAE), which saw in May its weakest improvement in…
Oil output of Iran is near 4 million bpd
Iran’s oil production has risen to over 3.9 million barrels per day (bpd), spokesman for the government announced here on Tuesday. According to statistics, Iran’s…
Offshore boom will break OPEC deal
While all eyes are riveted on how much U.S. shale output is undermining OPEC’s production cuts and any oil price gains, other non-OPEC producers are…
United Arab Emirates optimistic about oil market recovery
The UAE has expected oil demand to pick up over the third and fourth quarters of 2017 despite the price fall by the end of…
Oil extends gain to 6th day on dip in USA output
Oil futures ended slightly higher on Thursday, extending crude’s rally to a sixth straight session after a decline in weekly U.S. crude production temporarily eased…
World exports of oil spell trouble for crude prices
After a brief drop in Saudi oil exports in April and May, June crude loadings appear to be back on the rise, according to tanker…