Oil Market
Canada prepares multi-billion dollar bailout for its oil industry
The federal government of Canada is preparing a multibillion dollar financial aid package for the oil and gas industry and…
IEA in talks with oil producers, consumers, pledges to ensure market remains well supplied
The International Energy Agency (IEA) says it is in discussions with oil producers and consumers amid rising oil prices, and…
Oil price remains close to three-year highs as ongoing supply cuts reduce inventories
Oil prices were firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts gradually drawn…
Crude oil prices regain ground as concerns over U.S. production levels continue to weigh
Crude oil prices regained some ground on Friday, as news of a U.S.-North Korea lifted market sentiment, although concerns over…
Oil markets stable on tighter U.S. market, expected OPEC supply cuts extension
Oil prices at the international market opened Thursday stable supported by ongoing OPEC-led supply cuts, tensions in the Middle East…
Oil slips after entering bull market on Kurdish export threat
Oil prices slipped after entering a bull market amid heightened geopolitical tensions in the Middle East, while Trafigura Group and…
Oil traders empty key crude storage hub amid OPEC production cuts
Oil traders are emptying one of the world’s largest crude storage facilities, located near the southernmost tip of Africa, as…
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