August 31, 2018

Oil Posts Second Consecutive Week Of Gains

Though oil prices dipped slightly on Friday morning, they are still on track for a second consecutive week of gains with no slowdown in sight.  (Click […]
August 31, 2018

Oil Prices Inch Lower As Rig Count Rises

Baker Hughes reported a 4-rig increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs rose […]
August 31, 2018

Saudis Boosted Oil Production To 10.424 Million Bpd In August

Saudi Arabia will report to OPEC that its crude oil production in August averaged 10.424 million bpd, up from the July levels, S&P Global Platts reported […]
August 31, 2018

Tesla Shareholder BlackRock Voted Against Musk As Chair

Funds controlled by BlackRock Inc voted in favor of a quashed proposal to separate Elon Musk’s chairman and CEO roles at Tesla at the EV maker’s […]
August 31, 2018

Russia Blocking UN Report On North Korea Violating Oil Sanctions

Russia is blocking the release of a report finding that North Korea has been violating UN sanctions on oil product imports, because Moscow disagrees “on certain […]
August 31, 2018

Texas Oil Production Drops For First Time Since February 2017

Oil production in Texas dropped in June 2018 compared to the same month last year, the first yearly drop since February 2017, figures by the Railroad […]
August 31, 2018

Is Japan Giving Up On Securing A Sanction Waiver For Iranian Oil?

Conflicting reports surfaced today regarding Japan’s outlook for future purchases of Iranian oil as US sanctions against Tehran close in. S&P Global Platts today cited a […]
August 31, 2018

India’s Currency Hits Record Low Vs. Dollar On Rising Oil Prices

India’s currency, the rupee, hit a new record low against the U.S. dollar on Thursday on the back of rising oil prices, end-month demand for dollars, […]
August 31, 2018

Partial Port Closure May Further Delay Venezuela’s Oil Cargoes

The closure of a dock at a key Venezuelan port could delay the shipment of around 5 million barrels of Venezuelan crude oil to Russia’s Rosneft, […]