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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…
Thursday, 07 March 2019 03:02

Premier Oil Swings to $133 Mln Net Profit

Premier Oil swung to a net profit of $133.4 million in 2018 from a net loss of more than $250…
Oman’s gas production levels are set to surpass oil by 2023 thanks to an impressive surge in the development of…
Monday, 04 March 2019 05:24

Aker Energy Hits Oil Offshore Ghana

Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announced Monday that it encountered oil…
Hedge funds continued to boost their bullish position in crude and fuels last week despite a call from U.S. President…
Sunday, 03 March 2019 17:06

US Shale Firms Cut CapEx, Up Production

U.S. shale energy companies are cutting their spending levels in 2019, but they're still planning on increased oil and gas…
Friday, 01 March 2019 05:33

Oil Dips on U.S. Manufacturing Data

Oil prices reversed course on Friday, falling 2 percent as bearish U.S. manufacturing data stoked concerns over global energy demand…
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over the $1.3 billion acquisition of an Nigerian offshore oilfield,…
Friday, 01 March 2019 02:43

Oil Steady, Supported by OPEC Cuts

Record U.S. output, exports offset some of OPEC's cuts. File Image / CREDIT: AdobeStcok / © Mikesjc Oil prices were…
The United States needs to be cautious about pending legislation that would allow the Justice Department to sue OPEC and…