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 by 500,000 barrels per day in March 2023...
Tag : crude
OPEC oil production surges despite intended cuts
by Prajwal Wele
Many crude streams in Nigeria made more oil in December, and some businesses said that security had gotten better...
Mexico’s $14 bn energy investment plan focuses on Pemex
It is reported that the move will help the state-owned oil company’s ability to process heavy crudes...
Iran shifts tactics to lock in global energy allies
Adopts fresh approach to crude oil blending, ropes in collaborators Daniel Colover June 23, 2016: Iran’s new approach to building energy allies is being revealed as the former powerhouse staggers back onto the global stage. The lifting of Western-imposed sanctions on January 17 has given the country a new lease of life. Tehran’s ability to...
Saudi looks to austerity measures to cut losses
Government is seeking advice from experts on downsizing budget Suparna Goswami Bhattacharya January 25, 2016: Saudi Arabia has reveled in its oil-rich economy for years, but is finally feeling the pressure of falling oil prices. So much that the government is considering austerity measures. There are enough reasons to think about austerity, especially since the...
UK property continues to surge ahead
Investor confidence rebounds in October but, the Lloyds Bank Private Banking Investor Sentiment Index indicates, caution remains in the market October 19, 2015: October saw a rebound in investor confidence, after September’s record falls, according to the latest Lloyds Bank Private Banking Investor Sentiment Index. Overall investor net sentiment for these areas became more positive...