Oil Producers
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India Warns Oil Producers On Prices: "Actions Have Consequences"
India's oil minister said higher crude prices would only serve to accelerate the transition to cleaner energy and worsen any global recession.
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Oil Prices Rise As OPEC, Russia-Led Allies Announce Major Output Cut
Oil prices climbed Wednesday as OPEC and Russia-led allies announced a major cut in output, while a stocks rally ran out of gas.
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Oil Extends Gains As Major Producers Flag Capacity Limits
Saudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.
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Oil Prices Fall Over 2% As Fed Hikes Interest Rates
Brent crude futures for August settled down $2.7, or 2.2%, at $118.51 a barrel, having fallen as low as $117.75. U.S. West Texas Intermediate crude for July fell $3.62, or 3.04%, to $115.31 a barrel, after dropping to a low of $114.60.
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Oil Producers Cannot Hold Consumers To Ransom, Says India Oil Minister
Ahead of the OPEC+ meeting next week to set output policy, Puri blamed the key producers for keeping supplies lower than demand.
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Oil Marketing Firm Eighty-Eight Oil Declares Force Majeure
U.S. crude marketing company Eighty-Eight Oil LLC has declared force majeure after oil producers across the Rockies and North Dakota shut production as the coronavirus eroded demand and sent prices plunging, four sources familiar with the matter said. The company declared force majeure after producers selling oil to them shut production, causing Ei...
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Declare Coronavirus An "Act Of God" To Help Oil Producers: Oklahoma To Donald Trump
Oklahoma's governor has called on USPresident Donald Trump to declare the coronavirus pandemic an "act of God," a step to help oil-producing states contend with a crude glut that caused futures prices to close below $0 last week for the first time.
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Iraq Is New Oil King, Beats Saudis in Fastest Growing Market
Iraq is gaining the edge over Saudi Arabia in the world's fastest-growing oil consumer amid an intensifying race among producers to retain their most-prized markets.
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Nigeria Set to Finally Get Government Ministers
Buhari declared before his election: "Corruption will have no place and the corrupt will not be appointed to my administration."
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Meeting of OPEC, Non-OPEC States Set for October 21: Venezuela
Venezuela -- which has been trying hard to persuade oil producers to cut output in order to boost prices -- announced Thursday that a technical meeting of OPEC and other crude-producing countries would take place on October 21.
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Nigeria Warned About Fresh Violence in Oil-Rich South
Nigeria was on Tuesday warned that violence could resume in the oil-producing south, exacerbating pressure on already stretched resources by Boko Haram in the north,and reduced crude revenues.
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Islamic State Says It Shot Down Iraqi Fighter Plane
Islamic State said on Thursday it had shot down an Iraqi fighter plane north of the city of Ramadi in Anbar Province.
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Angolan President Heads to China as Low Oil Price Bites
Angolan President Jose Eduardo dos Santos headed today for his first official visit to China in seven years as his country, which is Africa's second largest oil producer, struggles with falling oil prices.
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India Warns Oil Producers On Prices: "Actions Have Consequences"
India's oil minister said higher crude prices would only serve to accelerate the transition to cleaner energy and worsen any global recession.
-
Oil Prices Rise As OPEC, Russia-Led Allies Announce Major Output Cut
Oil prices climbed Wednesday as OPEC and Russia-led allies announced a major cut in output, while a stocks rally ran out of gas.
-
Oil Extends Gains As Major Producers Flag Capacity Limits
Saudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.
-
Oil Prices Fall Over 2% As Fed Hikes Interest Rates
Brent crude futures for August settled down $2.7, or 2.2%, at $118.51 a barrel, having fallen as low as $117.75. U.S. West Texas Intermediate crude for July fell $3.62, or 3.04%, to $115.31 a barrel, after dropping to a low of $114.60.
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Oil Producers Cannot Hold Consumers To Ransom, Says India Oil Minister
Ahead of the OPEC+ meeting next week to set output policy, Puri blamed the key producers for keeping supplies lower than demand.
-
Oil Marketing Firm Eighty-Eight Oil Declares Force Majeure
U.S. crude marketing company Eighty-Eight Oil LLC has declared force majeure after oil producers across the Rockies and North Dakota shut production as the coronavirus eroded demand and sent prices plunging, four sources familiar with the matter said. The company declared force majeure after producers selling oil to them shut production, causing Ei...
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Declare Coronavirus An "Act Of God" To Help Oil Producers: Oklahoma To Donald Trump
Oklahoma's governor has called on USPresident Donald Trump to declare the coronavirus pandemic an "act of God," a step to help oil-producing states contend with a crude glut that caused futures prices to close below $0 last week for the first time.
-
Iraq Is New Oil King, Beats Saudis in Fastest Growing Market
Iraq is gaining the edge over Saudi Arabia in the world's fastest-growing oil consumer amid an intensifying race among producers to retain their most-prized markets.
-
Nigeria Set to Finally Get Government Ministers
Buhari declared before his election: "Corruption will have no place and the corrupt will not be appointed to my administration."
-
Meeting of OPEC, Non-OPEC States Set for October 21: Venezuela
Venezuela -- which has been trying hard to persuade oil producers to cut output in order to boost prices -- announced Thursday that a technical meeting of OPEC and other crude-producing countries would take place on October 21.
-
Nigeria Warned About Fresh Violence in Oil-Rich South
Nigeria was on Tuesday warned that violence could resume in the oil-producing south, exacerbating pressure on already stretched resources by Boko Haram in the north,and reduced crude revenues.
-
Islamic State Says It Shot Down Iraqi Fighter Plane
Islamic State said on Thursday it had shot down an Iraqi fighter plane north of the city of Ramadi in Anbar Province.
-
Angolan President Heads to China as Low Oil Price Bites
Angolan President Jose Eduardo dos Santos headed today for his first official visit to China in seven years as his country, which is Africa's second largest oil producer, struggles with falling oil prices.
