Wednesday, April 24, 2019
Tags OIL

OIL

Damascus is reducing the amount of gasoline earmarked for cars in a deepening fuel...

SYRIA (VOP TODAY NEWS) -- The Syrian oil ministry on Monday reduced the amount of gasoline allocated to private cars to 20 liters every five days in a new investigative measure that reflects a...
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Prepare for $80 oil this summer as ‘wounded bulls’ rise: RBC

UNITED STATES (VOP TODAY NEWS) Helima Croft of RBC Capital Markets joins CNBC's "The Exchange" team to break down how crude oil is trading. Chevron plans to acquire Anadarko Petroleum in a cash and stock...

US resumed oil supplies from Venezuela

UNITED STATES (VOP TODAY NEWS) -- Deliveries of Venezuelan oil in the United States for the week ending April 5 totaled 139,000 barrels per day, while the previous three weeks the indicator was at...

Saudi Aramco is taking a cautious approach to ties with the kingdom as it...

UNITED STATES (VOP TODAY NEWS) -- The first international debt issue that could raise more than $ 10 billion poses a major challenge: how to shape itself as a major state-owned company while being...

Chinese defense: Beijing increases oil imports from Iran and Venezuela

UNITED STATES (VOP TODAY NEWS) -- Between January and March 2019, cargo shipments to China increased 78% from Iran and 192% from Venezuela. Beijing is the largest creditor in Caracas and also actively invests...

Venezuela stabilized oil exports in March

UNITED STATES (VOP TODAY NEWS) -- The Venezuelan state oil company PDVSA in March supported oil exports at around 1 million barrels per day, despite US sanctions and blackout, which caused damage to its...

Oil prices have upside potential above $70

UNITED STATES (VOP TODAY NEWS) -- Oil continues to move to $ 70. Prerequisites for the formation of a shortage in the market are amplifying, and geopolitics accelerates this process. Due to the deliberate efforts...

Saudi Aramco is the world’s most profitable company in 2018

UNITED STATES (VOP TODAY NEWS) -- Saudi Aramco raised huge revenues last year to make it the world's most profitable company in 2018, according to international rating agencies Monday, after opening accounts for the...

Brent crude jumps above $69 for the first time this year

UNITED STATES (VOP TODAY NEWS) -- The price of Brent crude, $ 69 a barrel, exceeded for the first time since November 13, 2018, according to stock exchange data. The Brent crude futures contract rose...

US crude rises to 2019 high as oil gains continue to support tight supply

UNITED STATES (VOP TODAY NEWS) -- US crude oil prices rose on Monday to their highest level since the beginning of 2019. Brent hit a dollar after the benchmark crude hit its biggest gain...

OPEC oil production fell in March due to Saudi Arabia’s cut and power cuts...

UNITED STATES (VOP TODAY NEWS) -- OPEC's oil supply fell in March to a four-year low as Saudi Arabia, the world's top oil exporter, overtook its target for a cut in output, while Venezuela's...

US official: Asia should know Iran’s tactics to avoid oil sanctions

UNITED STATES (VOP TODAY NEWS) -- The United States is keen to see Malaysia, Singapore and others fully familiar with Iran's banned oil shipments and Iran's tactics to avoid sanctions, a senior US official...

Trump is pressing OPEC to increase production to lower oil prices

UNITED STATES (VOP TODAY NEWS) -- US President Donald Trump on Thursday called on Opec members to increase oil production as prices rise this year. "It is very important that Opec increases the flow of...

Oil workers in the Libyan spark field and other fields are demanding higher salaries

UNITED STATES (VOP TODAY NEWS) -- A number of workers in the Sharara field, Libya's largest oil field, and other fields are demanding a two-thirds increase in their salaries as the country's oil production...

Oil continues to fall from its peak in 2019, weighed down by concerns about...

UNITED STATES (VOP TODAY NEWS) -- Oil prices fell nearly 2 percent on Friday, continuing to slide from their highest levels this year as the focus shifted to a lack of progress in US-China...

Forecast: oil will wait for reciprocal concessions from US in negotiations with China

UNITED STATES (VOP TODAY NEWS) -- Acting out encouraging statistics from OPEC +, oil prices are also puzzled by the prospects for trade negotiations between the United States and China, the completion of which...

Oil Minister: Venezuela has turned the crude destined for America to Russia

UNITED STATES (VOP TODAY NEWS) -- Venezuelan Oil Minister Manuel Acevedo said on Monday his country could divert oil destined for the United States to Russia or other countries. Kifidu, also head of the state-run...

Oil near the 4-month peak due to OPEC production cuts, US inventory decline

UNITED STATES (VOP TODAY NEWS) -- Oil prices rose to a four-month high on Monday, supported by a possible extension of OPEC-led supply cuts and signs of declines in US crude inventories. Brent crude for...

Official report: US rock production could reach 8.59 million b/d in April

UNITED STATES (VOP TODAY NEWS) -- Oil output from seven major rock formations in the United States is expected to rise 85,000 bpd in April to a record 8.59 million bpd, the US Energy...

Crude Oil Prices – Weekly Forecast: 18-22 March

UNITED STATES (VOP TODAY NEWS) -- Oil traders will continue to focus on expectations for global crude supply next week amid signs that OPEC-led production cuts have helped narrow the oversupply market. OPEC, which agreed...