oil
July 7 2019, 5:37 pm
New York Times: Why this narrow strait next to Iran is so critical to the world’s oil supply
Twenty percent of the global oil supply flows through the Strait of Hormuz, a narrow stretch of water that separates Persian Gulf countries like Iran, …
New York Times
July 7 2019, 4:38 pm
Bloomberg: Iran says seized oil tanker in Gibraltar wasn’t sailing to Syria
Iran said an oil tanker that was seized by British forces near Gibraltar wasn’t destined for Syria. Read more here.
Bloomberg
July 3 2019, 10:32 am
New York Times: Russia and OPEC draw closer on oil, joining other producers to manage market
Russia is finding that its future as a producer of oil is increasingly dependent on OPEC’s, and vice versa. Read more here.
New York Times
July 2 2019, 4:23 pm
Wall Street Journal: OPEC, Russia formalize cooperation pact
OPEC sealed a long-term cooperation pact with Russia on Tuesday, extending a partnership set up two years ago to fight a surge of U.S. oil that has …
Wall Street Journal
July 2 2019, 1:30 pm
France 24: OPEC to ink new charter with Russia and other allies
The OPEC bloc of oil producers is expected July 2 to sign off a new charter of cooperation with other major producers — including Russia — a day after …
France 24
July 1 2019, 9:58 am
Reuters: Oil jumps over 2 percent as Saudi Arabia, Russia back supply cuts
Oil prices rose more than $1 a barrel on July 1 after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months …
Reuters
June 30 2019, 11:06 am
Bloomberg: Shale fight makes OPEC accept lowest market share since 1991
For almost three decades, OPEC has always pumped at least 30 percent of the world’s crude oil, creating an informal floor for Saudi Arabia and its …
Bloomberg
June 30 2019, 10:15 am
Reuters: Russia agrees with Saudi Arabia to extend OPEC+ oil output deal
OSAKA/VIENNA – Russia has agreed with Saudi Arabia to extend by six to nine months a deal with OPEC on reducing oil output, Russian President Vladimir …
Reuters
June 28 2019, 11:41 am
Reuters: Russia’s government, oil firms have unified position on OPEC+ deal
Russia’s government and its oil companies have a unified position on the future of the deal between OPEC and its allies to cut crude output, Interfax …
Reuters
June 28 2019, 11:31 am
Reuters: Belarus to press Russia for compensation for lost oil profits
Belarus will take Russia to court if Moscow refuses to compensate Minsk for profits it lost due to major Russian oil contamination earlier this year, …
Reuters
June 26 2019, 1:09 pm
Reuters: Russia to pay Kazakhstan fixed rate for contaminated oil in crisis breakthrough
Russia has agreed to pay Kazakhstan a fixed per-barrel rate of compensation for tainted oil, industry sources said on June 26, a breakthrough in an …
Reuters
June 24 2019, 8:47 pm
Reuters: Czechs detect new Russian oil contamination
PRAGUE – Czech oil refiner Unipetrol has stopped taking oil from the Druzhba pipeline due to chloride contamination detected at the Ukraine-Slovakia …
Reuters
June 24 2019, 11:02 am
Reuters: Russia’s Novak – global oil pact helped stabilize markets
A deal among the world’s crude producers to rein in output has stabilized oil markets and made oil industry investments attractive, Russian Energy …
Reuters
June 16 2019, 4:29 pm
Reuters: Saudi seeks oil supply protection as US and Iran face off
DUBAI – Saudi Arabia called for swift action to secure Gulf energy supplies and joined the United States in blaming Iran for attacks on two oil …
Reuters
June 13 2019, 8:38 pm
Reuters: Oil surges after Gulf tanker attacks
NEW YORK – Oil futures jumped on June 13 after suspected attacks on two tankers off the coast of Iran, while U.S. Treasury yields edged lower as …
Reuters
June 13 2019, 7:48 pm
Reuters: Tanker attacks in Gulf of Oman stoke security and oil fears
DUBAI – Two oil tankers were attacked and left adrift on June 13 in the Gulf of Oman, driving up oil prices and stoking fears of a new confrontation …
Reuters
June 10 2019, 1:35 pm
Russia resumes oil shipment to Poland via Druzhba pipeline across Belarus
Clean Russian oil has started being shipped to Poland via the Druzhba pipeline. “The acceptance [of oil] was opened today at the Adamowo-Zastawa …
Interfax-Ukraine
June 9 2019, 3:45 pm
Reuters: Belarus partially resumes oil transit towards Poland
MINSK – Belarus state energy company Belneftekhim said on June 9 it had partially resumed oil transit towards Poland and that its daily Western-bound …
Reuters
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