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Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal

Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal

Iran, one of OPEC’s largest…

OPEC+ Deal To Be Forged In March

OPEC+ Deal To Be Forged In March

OPEC and its Non-OPEC partners…

News

OPEC Urges Nigeria, Libya To Join Oil Production Cuts; Iran Balks

OPEC Urges Nigeria, Libya To Join Oil Production Cuts; Iran Balks

Dec 05, 2018 at 11:35 | Tsvetana Paraskova

OPEC is trying to persuade Libya and Nigeria to join cuts if the cartel agrees to reduce production, delegates told S&P Global Platts, while the OPEC and non-OPEC leaders…

YPF, Petronas Strike $2.3 Billion Deal In Vaca Muerta Shale

YPF, Petronas Strike $2.3 Billion Deal In Vaca Muerta Shale

Dec 05, 2018 at 09:50 | Irina Slav

Argentine’s state oil and gas company YPF and Malaysian Petronas will invest jointly US$2.3 billion in an oil production project in the Vaca Muerta shale play, one of the largest…

China Set To Resume Buying U.S. Crude Oil After Trade War Truce

China Set To Resume Buying U.S. Crude Oil After Trade War Truce

Dec 05, 2018 at 09:18 | Tsvetana Paraskova

Unipec, the trading arm of China and Asia’s biggest refiner Sinopec, plans to resume imports of U.S. crude oil during the 90-day trade truce window, as the tentative halt to…

Oil Prices Sink On Surprise Inventory Build

Oil Prices Sink On Surprise Inventory Build

Dec 04, 2018 at 15:55 | Julianne Geiger

The American Petroleum Institute (API) reported a crude oil inventory build of 5.36 million barrels for the week ending November 30, compared to analyst expectations of a draw in crude…

World Bank: Russia Can Withstand Oil Price Volatility In 2019

World Bank: Russia Can Withstand Oil Price Volatility In 2019

Dec 04, 2018 at 14:19 | Julianne Geiger

Russia is well-positioned to withstand external shocks, The World Bank said today in its most recent version of Russia Economic Report, cited by TASS. Oil prices are expected to…

The Mystery Surrounding Tesla’s Sales In China

The Mystery Surrounding Tesla’s Sales In China

Dec 04, 2018 at 13:45 | Tsvetana Paraskova

A week after a report that Tesla’s sales in China crumbled in October and the EV maker refuting it as ‘wildly inaccurate’, an auto industry expert said that the…

Iran Claims It Can Govern Country Without Relying On Oil Revenue

Iran Claims It Can Govern Country Without Relying On Oil Revenue

Dec 04, 2018 at 12:53 | Tsvetana Paraskova

A month after the U.S. sanctions on Iran’s oil snapped back, the Islamic Republic continues to claim with defiant tone that the United States won’t be able to choke off…

IEA: Emissions In Developed Economies Rise For First Time In Five Years

IEA: Emissions In Developed Economies Rise For First Time In Five Years

Dec 04, 2018 at 12:17 | Tsvetana Paraskova

Carbon emissions in the world’s developed economies are set to increase this year for the first time in five years, as higher oil and gas use has…

Trump Advisor Kudlow Deals Blow To EV Subsidies

Trump Advisor Kudlow Deals Blow To EV Subsidies

Dec 04, 2018 at 12:04 | Irina Slav

Larry Kudlow, chief economic adviser at the White House, has called for an end to electric vehicle subsidies and government help for renewable energy projects, Reuters reports, citing a…

Peru’s Largest Oil Field Stops Producing After Pipeline Attack

Peru’s Largest Oil Field Stops Producing After Pipeline Attack

Dec 04, 2018 at 11:28 | Irina Slav

Canadian Frontera Energy said it had suspended production at the largest oil field in Peru after protesters against oil production in the region severed the pipeline that carries the crude…

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