OIL

Iraqi forces take control of all oil fields operated by state-owned North Oil in Kirkuk

Iraqi forces take control of all oil fields operated by state-owned North Oil in Kirkuk

Published 17/10/2017

Iraqi forces completed an operation to take control of all oil fields operated by state-owned North Oil Company in the Kirkuk region on Tuesday, a senior military officer said. [more…]

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Oil holds gains as Iraq, U.S.-Iran tension raises risks

Published 17/10/2017

Oil prices crept higher on Tuesday, holding on to gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while political tension rose between the United States and Iran. [more…]

Oil rallies on Chinese import boost and Mideast tensions

Oil rallies on Chinese import boost and Mideast tensions

Published 13/10/2017

Oil prices firmed on Friday as strong Chinese oil import data and turmoil in the Middle East boosted bulls in a market that has already shown signs of rebalancing after years of excess. [more…]

Oil up on lower U.S. rig count, expectation of ongoing Saudi output restraint

Oil up on lower U.S. rig count, expectation of ongoing Saudi output restraint

Published 09/10/2017

Oil prices edged up on Monday, after a 2 percent slide on Friday, as the number of rigs drilling for new oil in the United States dipped and on expectations that Saudi Arabia would continue to restrain its output to support the market. [more…]

Oil industry networking site creator gets one year in U.S. hack case

Oil industry networking site creator gets one year in U.S. hack case

Published 06/10/2017

The founder of an oil and gas networking website who pleaded guilty to hacking a rival site he had created and sold to DHI Group Inc was sentenced to one year and one day in prison on Friday. [more…]

Oil markets wary as another tropical storm heads for Gulf of Mexico

Oil markets wary as another tropical storm heads for Gulf of Mexico

Published 06/10/2017

Oil markets were cautious on Friday as traders monitored a tropical storm heading for the Gulf of Mexico and as China remained closed for a week-long public holiday. [more…]

Oil steadies after steep losses- speculators grow impatient

Oil steadies after steep losses- speculators grow impatient

Published 03/10/2017

Oil steadied on Tuesday, as speculators took profits on some large positions that have built up in the last couple of weeks, but the prospect of gradually ebbing oversupply lent support. [more…]

U.S. shale hinders hopes for oil market rebalancing: Reuters poll

U.S. shale hinders hopes for oil market rebalancing: Reuters poll

Published 29/09/2017

Oil prices are unlikely to rise much beyond this month's two-year highs this year, as concern among analysts persists that growing U.S. shale output will hamper the rebalancing between global crude supply and demand, a Reuters poll showed. [more…]

Bullish oil streak propels Brent to strongest third-quarter in 13 years

Bullish oil streak propels Brent to strongest third-quarter in 13 years

Published 29/09/2017

Oil edged higher on Friday as tensions around Iraqi Kurdistan threatened the region's crude supplies, helping Brent prices to their strongest third-quarter performance since 2004. [more…]

OPEC`s pact compliance `acceptable`, some changes needed: Iran minister

OPEC`s pact compliance `acceptable`, some changes needed: Iran minister

Published 25/09/2017

OPEC's compliance with an agreement among oil producers to reduce output has been acceptable, Iran's oil minister said on Monday, adding that some changes were needed if participants seek to balance the market. [more…]