Saudi Arabia’s Ministry of Economy…
Armenia is building a dry…
Oil and gas companies that took a lot of loans and issued five- and seven-year notes in the “exuberance” years before 2014 are likely to get more favorable terms from…
Iran is seeking support from fellow OPEC members against the returning U.S. sanctions and wants the issue on the agenda at the Vienna meeting in June, Iranian Oil Minister Bijan…
“Everything should be made as simple as possible, but not simpler.”--Albert Einstein When trying to predict gold prices, investors usually look at one or several drivers: interest rates, U.S. dollar…
For nearly a week, the oil market has been digesting reports that Saudi Arabia and Russia are considering bringing back some production to ‘ease market and consumer anxiety’ over high…
Electric vehicle sales are finally starting to take off in larger numbers, surpassing 1 million in 2017 after growing 56 percent from a year before. By 2020, sales are expected…
A natural harbor to the northwest of Cape Town keeps a secret that oil tracking professionals are still trying to uncover. The secret is exactly how much oil is in…
Tesla has not started making electric vehicles in India yet because of some challenging government regulations, Elon Musk said on Wednesday. Replying to a user commenting on a map of…
The workers’ strike called by Petrobras labor unions has been declared illegal by Brazil’s Superior Labor Court. The company approached the court after the labor unions warned they would begin…
Oil prices declined by more than 6 percent in the last few trading days, following reports that OPEC and Russia could boost production in the second half of 2018. However,…
June’s OPEC meeting is anticipated with fear by analysts, with the potential of a crash in oil prices if Saudi Arabia and Russia decide to ramp up production. Officials confirmed…
Russian assets have had a bumpy ride this year as a global retreat from emerging market assets and exchange-traded funds combine with a new wave of U.S. sanctions to put…
Higher oil prices seem to have given OPEC the confidence that it needs to begin thinking about moving forward, and with Russia in the mix as well, it appears as…
The Government of Canada has reached an agreement with Kinder Morgan to buy the Trans Mountain Expansion Project and related pipeline and terminal assets for US$3.5 billion (C$4.5 billion),…
“I personally think none of us will be able to get around it,” Vitol’s chief executive Ian Taylor said last week, commenting on the effects that renewed U.S. sanctions…
Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn’t necessarily…
The rise in oil prices in recent months has been a concern to oil-importing nations and to retail consumers as the rally has been inflating their oil import bills and…
India doesn’t plan to use Venezuela’s ‘petro’ cryptocurrency to pay for crude oil imports from the Latin American nation of which it is a large regular customer, India’s Foreign Minister…
The last four days have seen WTI Crude prices plunge almost 10% from their cycle peak near $73 to a $65 handle overnight. (Click…
Goldman Sachs continues to be bullish on oil despite the most recent market turbulence that saw prices plummet after reports that Saudi Arabia and Russia are discussing lifting the pact’s…
Iran and Venezuela have dominated the oil market discourse for a while and will continue to do so in the coming months. Fears of supply shortages amid a tighter market…