Iran will not succumb to U.S. pressure and will use every possible way to export its oil, Iranian Oil Ministry's website SHANA quoted Oil Minister Bijan Zanganeh as saying on Oct. 6.
A downturn in oil and gas drilling is making a small but significant contribution to the overall slowdown in U.S. business investment and economic growth, intensifying the much bigger problems caused by the trade war with China.
Industry giants join effort to present triennial event in Houston.
The biggest threat to demand continues to be the U.S.-China trade war.
Jamie Webster, senior director for Boston Consulting Group, said during EIA International Energy Outlook 2019 nations like the U.S. will be able to levy targeted sanctions without it affecting the global market. Here’s why.
They should have started a bull run, but supply shocks that have rocked the oil industry this year have failed to deliver a sustained rise in crude prices.
The International Energy Agency (IEA) may cut its growth estimates for global oil demand for 2019 and 2020, should the global economy weaken further, its chief said on Sept. 27.
Saudi Arabia has restored its oil production capacity to 11.3 MMbbl/d after Sept. 14 attacks on oil facilities, three sources briefed on Saudi Aramco's operations told Reuters.
The U.S. Treasury Department on Tuesday imposed sanctions on four maritime firms and vessels transporting Venezuelan oil to Cuba, amid an acute fuel scarcity in the island that is forcing people to line up for gasoline and public transport.