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Iran is running short of options to replace its ageing fleet of tankers and keep oil exports flowing because renewed…
Thursday, 07 March 2019 05:59

Oil Edges Up

Oil prices edged higher on Wednesday, supported by OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but…
Wednesday, 27 February 2019 10:41

Citgo Loans Price in Potential Regime Change

The bank debt of oil refiner Citgo Petroleum Corp, US subsidiary of Petróleos de Venezuela SA (PDVSA), has been volatile…
Tuesday, 26 February 2019 10:44

CITGO Formally Cuts Ties with PDVSA

U.S. refiner Citgo Petroleum Corp is formally cutting ties with its parent, state-run oil firm Petroleos de Venezuela SA, to…
Oil traders are becoming very bullish on the outlook for prices, betting that Saudi Arabia will do whatever it takes…
Wednesday, 20 February 2019 07:55

Oil Rises on Market Rebalance, Trade Deal Hopes

Trump open to extending March 1 deadline for China trade talks. file CREDIT: AdobeStock / © Redindie Crude prices rose…
Wednesday, 20 February 2019 02:33

Oil Dips After Record U.S. Shale Forecast

U.S. sanctions on Iran, Venezuela tighten markets, but soaring U.S. shale output offsets some of the disruption. file Image: AdobeStock…
Wednesday, 06 February 2019 04:12

Oil Slips Below $62 as U.S. Inventories Rise

API reports increase in U.S. crude stocks; Venezuela sanctions yet to spark rally but still supportive. File Image: CREDIT AdobeStock…
Tuesday, 05 February 2019 04:05

Oil Falls on U.S. Factory Data

Oil prices fell on Tuesday, a day after data showing a decline in U.S. factory orders dragged both benchmarks down…
Monday, 04 February 2019 11:36

Tankers with Venezuelan Oil Collect off US

A flotilla loaded with about 7 million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding…
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