Permian Basin output continues to rise
Production
US oil output from the Permian Basin is expected to rise next month, according to government figures, helping to push
All posts in Brent crude
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Saudi Aramco told to boost oil output
Production
Saudi Arabia’s energy ministry has told oil giant Saudi Aramco to boost its production capacity from 12 million barrels per
Saudi Aramco shares tumble amid price war
Consumption
Saudi Aramco shares have fallen below their initial public offering (IPO) level amid the crude oil price war and the
Analysts predict further oil price crash
Industry
The collapse of Russia and Opec talks to further deepen oil exports due to the coronavirus are set to create
Chinese refineries cut output as coronavirus hits demand
Consumption
Chinese refineries have cut production by 25 per cent on February 2019 quantities amid weaker demand and labour shortages due
US stockpiles fall but Chinese virus cuts demand
Consumption
US stockpiles of commercial crude oil fell by about 400,000 barrels last week, which analysts said could reverse this week’s
Iran reprisals expected against US: analysts
Consumption
The US killing in Iraq of the Iranian military leader, General Qasem Soleimani, could boost oil prices amid serious reprisals
Texan fracking rigs close as oil price falls
Industry
The number of US oil and gas rigs fell by eight last week, according to the Baker Hughes rig count,
Opec and Russia finally agree production cut
Production
The Organisation of the Petroleum Exporting Countries (Opec) and Russia have said they have agreed to cut crude output, boosting
Shell shares slump as oil prices fall
Industry
Royal Dutch Shell has reported a 15-per-cent fall in profits for the third quarter, amid lower oil prices and the
Oil prices rebound but uncertainty forecast
Consumption
Oil prices have rebounded as output from the world’s largest oil producers fell during the third quarter, although the restoration
Crude prices fall despite Saudi oil chaos
Consumption
The international benchmark Brent crude oil price fell slightly as investors weighed up the implications of Saturday’s major attack on
Oil prices fall amid more Trump tariffs
Industry
Oil prices weakened today (Monday) after new tariffs in the ongoing US-China trade war came into force on US$112 billion
Oil price slumps as Saudis mull huge IPO
Consumption
Oil prices have fallen again, pushing US crude to its lowest level in more than two weeks as the US-China
Pompeo hails success of Iranian oil sanctions
Policy
US sanctions have removed nearly 2.7 million barrels of Iranian oil every day from the global markets, according to US