Surging U.S. oil production and shifting global oil flows amid geopolitical flare-ups have boosted American crude exports to record-high levels in recent months. Now U.S. oil is encroaching on the key markets of the OPEC+ group, which has …
LONDON – Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries.
Slower growth will intensify intra-company and …
MOSCOW – Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market.
It is here, rather than in the world of …
Iran made a statement when the country issued official selling prices for June contracts of heavy crude oil sold to Asia. The most recent pricing information unveiled by Iran is the largest discount to Saudi and Iraqi oil since 2007. …
Iran is increasing pressure on fellow OPEC members as its attempts to retake lost market share in major markets like Asia.
The Islamic Republic is now undercutting the price of …
Crude oil imports from Saudi Arabia to seven major Asian markets declined 0.7% in the first half of 2015 compared to the same …
Oil prices tumbled dramatically last year as global oversupply quickly outpaced sluggish demand. A decision from OPEC last November to maintain production levels despite the growing oil glut and defend …
