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Crude Oil - Marathon CEO: Venezuelan oil sanctions not a big hit for U.S. refiners
and only a small portion of that was Venezuelan crude prior to the sanctions. In part, that's because dwindling oil production has forced Venezuela to send crude to other countries where it has contra...
Falling stockpile boosts oil, China data in focus
Crude oil prices moved higher overnight, backed by a softer dollar and a large draw in US commercial crude inventory over the week. Brent Oil price is trading at around US$ 67.5 this morning, close to ...
Kuwait's $27bn crude oil complex project on track
Kuwait Integrated Petroleum Industries Company (Kipic) said work is progressing well on the Al Zour Crude Oil Complex, being built at an investment of $27 billion, with nearly 80 per cent of the refin...
Iraq's OilMin Al-Luaibi: Iraq seeking a higher price for crude oil than current market prices
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Iraq says that it is seeking higher price for crude oil than current market prices
Well, he's certainly got his wish as oil prices are performing well today with WTI now looking like it's going to break away towards the $60 handle. Brent is also performing well holding near $68 curr...