oil

PAKISTAN-RUSSIA-ENERGY-OIL

Ukraine Drone Attacks Leave Several Russian Diesel Fuel Stranded at Sea

Russian diesel fuel stranded at the sea was attributed to mostly Ukraine drone attacks on their oil refineries and heightened sanctions.

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ARGENTINA-ECONOMY-FUEL-SHORTAGE

Argentina's Economy Minister Issues Warning Over Fuel Shortages: Export Restrictions Loom

Sergio Massa, Argentina's Economy Minister and presidential candidate, has warned oil producers of impending export restrictions unless they address fuel shortages.

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RUSSIA-OIL-PIPELINE-TRANSNEFT

Russia's Sokol Crude Backlog Near Clearing as China Emerges as Key Importer

Russia's Sokol crude faces a backlog, with tankers stranded off Singapore and South Korea due to US sanctions. China emerges as a key importer, aiding clearance.

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Oil Prices Remain Nearly Unchanged as Market Ponders on Chinese Demand, North America Supply Rises

Oil Prices Remain Nearly Unchanged as Market Ponders on Chinese Demand, North America Supply Rises

Oil prices remained relatively stable on Thursday, with Brent crude futures settling unchanged at $82.96 per barrel.

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Oil Prices Continue to Fall as Dollar Strengthens, Inflation Fears Grow

Oil prices fell further as the dollar rose on market predictions that inflation will delay US interest rate reductions that have limited global fuel demand growth.

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A truck drives past Maersk and Cosco con

Oil Prices Surge Over 3% Amid US Warning of Houthi Militants in the Red Sea

Oil prices surged over 3% on Wednesday following a warning from the US regarding Houthi militants' activities in the Red Sea.

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US Buys 3 Million Barrels of Oil to Replenish Strategic Reserve

US Buys 3 Million Barrels of Oil to Replenish Strategic Reserve

The United States has successfully finalized contracts to buy three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) following last year's record-setting sale, the US Department of Energy disclosed.

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Oil and Gas Industry Rises

The il and gas industry had slowly rising under Trump's winning as the next President of the United States.

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Glencore And Qatar Pays $11 Billion In Rosneft Privatization Deal

Glencore and Qatar takes $11 billion stake in state-run oil producer Rosneft. Russian President Vladimir Putin personally announced the deal which is expected to close mid-December.

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Energy Firm Investment Goes Up

For the first time after after two years, the oil and gas investment in the U.S is slowly getting higher.

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Oil and Gas Production Regions.

The Oklahoma Geological Survey said that market conditions have cutbacks from oil and natural gas production.

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IEA Is Expecting An Oil Investment Fall In 2017

No good profit is expected for the oil investment in 2017.

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Norway Withdraws More On Oil Fund; Lowers Price

For the first time need to withdraw cash sovereign wealth fund as western Europe's bigget oil exporter.

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Fitch Degraded Saudi Arabia From AA to AA-

Saudi Arabia just got a negative rating from Fitch, from AA to AA-. The downgrade is due to the oil-rich kingdom's decision to slash its average oil price assumptions from $35 to $45 a barrel for 2016 and 2017.

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Major Oil Companies Fund Nigeria's $200 Million Fuel Imports

Nigeria is suffering from fuel shortages as well as lack of hard currency. Four major oil companies agreed to finance the country’s $200 million fuel import along with the lack of the dollars to sustain the country’s fuel needs.

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