Oil edged up on Wednesday, lifted by reports of Saudi supply cuts to Asia, but gains were capped by a lack of detail about the reductions and because of ... Read More
China overtakes Germany as Russia’s top crude consumer The latest report from the International Energy Agency (IEA) shows that at the end of 2015 China had become Russia’s biggest ... Read More
Iran has shipped crude oil to Europe for the first time in five years just a month after world powers lifted sanctions on Tehran in step with the landmark ... Read More
Plummeting prices and U.S.-led sanctions raise questions about Russian oil’s capacity to continue underwriting Putin’s global ambitions In the frosty swamplands of West Siberia, the drilling rigs of oil ... Read More
Dubai’s benchmark gauge is biggest decliner in region Brent crude has dropped almost 60 percent in 12 months Most Middle Eastern stock markets declined amid mounting concern the region’s largest ... Read More
BHP Billiton Ltd is set to be the first company to export lightly processed ultra-light U.S. oil without explicit permission from the government, further testing the limits of an ... Read More
Iran is looking to export increasing amounts of oil to China and Asian markets by finding a way to sidestep Western sanctions. This will expand the value of its ... Read More
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