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Will Mexico’s Next President Kill Its Oil Sector?

Will Mexico’s Next President Kill Its Oil Sector?

As Mexico’s presidential election looms,…

Oil Slips As U.S. Scales Back Confrontation With Russia

Oil Slips As U.S. Scales Back Confrontation With Russia

Though geopolitical risk is still…

Geopolitics

Fuel Crisis Intensifies In Nigeria

Fuel Crisis Intensifies In Nigeria

Dec 28, 2017 at 09:15 | Williams Ekanem

Again, Nigeria’s government has failed its citizens, thanks to an acute shortage of fuel—despite the country’s status as the chief oil-producing country on the African continent. Year in and year…

Chinese Ships Caught Illegally Selling Oil To North Korea

Chinese Ships Caught Illegally Selling Oil To North Korea

Dec 27, 2017 at 10:38 | ZeroHedge

According to South Korea's Chosun Ilbo, U.S. recon satellites have photographed around 30 illegal transactions involving Chinese vessels selling oil to North Korea on the West Sea in October. The images allegedly…

2018 Could See The OPEC Deal Collapse

2018 Could See The OPEC Deal Collapse

Dec 22, 2017 at 13:33 | Nick Cunningham

The OPEC extension keeps the oil market on track to balancing at some point next year, but if the group overshoots on tightening, OPEC members could begin cheating, potentially leading…

Is Saudi Arabia’s Post-Oil Future Realistic?

Is Saudi Arabia’s Post-Oil Future Realistic?

Dec 22, 2017 at 13:25 | Irina Slav

In case anyone had any doubts that Saudi Arabia has very ambitious economic growth plans, the 2018 budget, announced earlier this week by King Salam, must have dispelled them. The…

Saudi Welfare Program To Ease Impact Of 80% Fuel Price Hike

Saudi Welfare Program To Ease Impact Of 80% Fuel Price Hike

Dec 22, 2017 at 12:02 | Tsvetana Paraskova

Saudi Arabia on Thursday made the first payment totaling US$533 million (2 billion riyals) as part of its new household allowance program that reaches 10.6 million beneficiaries, before it…

U.S. Slaps Sanctions On Israeli Oil Billionaire

U.S. Slaps Sanctions On Israeli Oil Billionaire

Dec 22, 2017 at 09:24 | Irina Slav

The U.S. Department of Treasury has issued sanctions against Israeli billionaire Dan Gertler on allegations of human rights abuse and corruption. Gertler is a senior adviser to the Fleurette…

U.S. Asks China To Implement New Oil Sanctions On North Korea

U.S. Asks China To Implement New Oil Sanctions On North Korea

Dec 21, 2017 at 09:08 | Irina Slav

Washington is talking with Beijing about new oil sanctions against North Korea, UN diplomats told AFP. The two are working on a draft resolution that they could present to…

How Low Oil Prices Have Decimated The Saudi Economy

How Low Oil Prices Have Decimated The Saudi Economy

Dec 20, 2017 at 12:34 | ZeroHedge

Back when oil was at $100 and above, the Saudi economy was firing on all cylinders, and nobody even dreamed that the crown jewel of Saudi Arabia - Aramco -…

Houthi Missile Targeting Riyadh Palace Intercepted

Houthi Missile Targeting Riyadh Palace Intercepted

Dec 19, 2017 at 10:23 | ZeroHedge

For the third time in roughly seven weeks, Houthi rebels have fired a ballistic missile into Saudi Arabia, according to a spokesperson. The Volcano 2-H missile launched by the Yemeni…

Nigeria’s Oil Strike Stokes Fear In Markets

Nigeria’s Oil Strike Stokes Fear In Markets

Dec 18, 2017 at 14:01 | Nick Cunningham

A Nigerian oil workers union launched a strike on Monday, citing unfair labor practices, threatening to disrupt a significant portion of the country’s oil supply. But the strike was

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