Brent crude at highest since October 2014, Iran sanctions drive buying
Brent crude rose to a four-year high on Wednesday, as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
Russia's Putin says Trump is right that oil prices are too high
Russian President Vladimir Putin said on Wednesday that his U.S. counterpart Donald Trump was right that the current oil price was too high.
Russia to maintain dialogue with oil producers: Putin
Russia will maintain its dialogue with global oil producers in order to keep oil markets balanced, Russian President Vladimir Putin said on Wednesday.
UPDATE 1-Germany says Russian gas pipeline needed to ensure supply
U.S. President Donald Trump has said the project increases reliance on Russian gas and has warned Western firms invested in it that they are at risk of sanctions.
Oil firm as OPEC, Russia resist calls to raise output as Iran sanctions loom
Oil markets have been driven up by looming U.S. sanctions against Iran and an unwillingness or inability by Middle East dominated producer cartel OPEC and Russia to raise output.
U.S. oil drillers add fewest rigs in quarter since 2017: Baker Hughes
U.S. energy companies cut oil rigs for a second consecutive week as new drilling stalled in the third quarter with the fewest additions in a quarter since 2017 due to pipeline constraints in the nation’s largest oil field.
Big Oil pledges to slash potent greenhouse gas emission
A group of the world’s top oil and gas companies pledged on Monday to slash emissions of a potent greenhouse gas by a fifth by 2025 in an effort to battle climate change.
Iraq's southern oil exports close to 3.6 mln bpd -SOMO
Iraq, the second-largest OPEC producer, is exporting close to 3.6 million barrels per day (bpd) of crude from its southern oilfields, as OPEC and others ramp up output to replace supply shortfalls from Iran and Venezuela, an Iraqi oil official said.
|
