Oil

Proceedings in lawsuit against Norway for oil, natural gas development plans expected to conclude

Proceedings in the Oslo district court against Norway’s oil and natural gas development plans are…

OPEC meeting postponed

The 36th OPEC and OPEC+ Ministerial Meeting was delayed by 4 days following an announcement…

Mohammed bin Salman postpones visit to India

Saudi Arabia’s Crown Prince Mohammed bin Salman’s (MBS) visit to India was postponed due to…

Colombia-Venezuela border scheduled to reopen

Colombia and Venezuela are today set to fully reopen their shared 1,370-mile land border to…

new colombian legislature
New Colombian Legislature Takes Office

The new Colombian legislature, elected in March, will take office today. Colombian Congresses tend to…

Swedish ban on new coal, oil and natural gas extraction to take effect

Sweden’s ban on the extraction of coal, oil, and gas will enter into force today.…

Exxon Mobil expected to exit all Russian operations

Exxon Mobil is likely to suspend all its operations in Russia today. This includes suspending…

Russian oil imports into the US to end today

The 45-day grace period for allowing Russian oil imports into the US ends today. Besides…

Shanghai International Energy Exchange oil futures contracts

The Shanghai International Energy Exchange will increase the margin rate and price limit for Crude…

Oil Prices In 2016

As Iran resumes large-scale exports and OPEC fails to limit production, oil will remain cheap in 2016.