US oil output is slowing
U.S. crude oil production is growing, but at a slower pace than predicted. American oil production in May actually inched down from April by 0.3 percent, according to EIA’s Monthly […]
Commodities
The new road for Saudi Arabia’s oil
Aramco is unlikely to suspend West-bound crude oil exports after the Houthi missile attacks against two Saudi tankers in the Bab el Mandeb strait, The National reports citing oil analysts. […]
Oil price: $200 per barrel is not an illusion
Oil prices could spike as high as $200 per barrel over the next 18 months, which would cause an “economic crash of horrible proportions,” according to a new report. A […]
India and China, the answer for Iran sanctions
How much oil from Iran will be disrupted because of U.S. sanctions? American officials have gone back and forth on this, but many of the people who decide how much […]
China’s oil demand is the biggest question mark
Oil demand growth in the world’s biggest oil importer—China—is at risk of slowing down, at least in the coming months. Higher oil prices play a role in this, but the […]
Trump pushes Saudi Arabia to increase oil output
The leader of Saudi Arabia promised President Donald Trump that he can raise oil production if needed and the country has 2 million barrels per day of spare capacity, the […]
Thyssenkrupp, Tata Steel: big deal for big steel company
German industrial group Thyssenkrupp signed a joint venture deal on Saturday with Tata Steel, leaving approximately 4,000 jobs at risk across both businesses. The “50-50 joint venture” agreed by Thyssenkrupp’s […]
Lybia tensions push
Oil prices rose on Wednesday, pushed up by supply disruptions in Libya and Canada and after U.S. officials said all countries should stop Iranian crude imports from November. Brent crude […]