Saudi Arabian Oil Minister Ali al-Naimi said he held “successful” talks with his Venezuelan counterpart about ways of cooperating to stabilize the crude market, without saying what steps producers should take to shore up prices.
The two ministers, who met on Sunday in Riyadh, discussed Venezuelan Oil Minister Eulogio Del…
Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran’s crude oil sales to Europe after the lifting of international sanctions on Tehran had already reached above 300,000 barrels per day (bpd), according to the ministry’s news agency.Iran’s oil exports, which had peaked at more than 3 million barrels…
Oil futures extended losses into a third session in Asian trade on Wednesday, as US crude stocks last week surged to more than half a billion barrels and as Iran plans to boost exports from March.Milder weather forecast for the last eight weeks of the US November-March winter heating…
Aberdeen and Grampian Chamber of Commerce (AGCC) has joined an alliance of fellow trade bodies which is banging the drum for a wider debate on the benefits of fracking.
The alliance, which includes Oil and Gas UK, made the call after 55% of UK adults who took part in a…
US crude futures dropped more than 1% in Asian trading on Thursday, eroding gains of nearly 3% made in the previous session after Russia held out the possibility of cooperating with Opec to control global oversupply.But falls were curbed by a weaker dollar following the Federal Reserve’s decision to…
