US inventory jump, rate hike worries bring negative volatility in oil sector
Russian Deputy PM Alexander Novak announced that the country plans to cut its oil production...
Fearing oil shortage, experts bat for more investments in energy sector
According to the IEA, the expansion of the oil supply will decrease to one million barrels per day...
Tiny Spanish port emerges new hub for Russian oil trade
Since December 5, reported volumes of Russian oil on ships have fluctuated, reaching a new low at the end of...
Oil prices rise amid halt in US Fed rate hikes, China reopening
Chinese oil demand rose by about 1 million barrels per day from the previous month to 15.41 million BPD in...
Moody’s predicts another budget surplus year for Oman
Oman experienced its first USD 2.98 billion budget surplus in close to a decade in 2022, which is credit-positive, according...
Crude oil ends 2022 with second straight annual gain
The new CEO of Brazil's state-run oil corporation Petrobras announced that he intended to change the nation's fuel price policy...