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Oil Industry Faces Huge Worker Shortage

The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the U.S. could begin drilling...

Morgan Stanley Warns That Rising Rig Count Could Undo Oil Prices...

In an industry where anything could happen, surprises—often unwelcomed—are hard to come by. Oil is exactly such an industry at the moment. No one...

Oil rig count drives crude prices, not Brexit

Oil futures settled with a loss of almost 5% on Friday as the U.K. voted to leave the European Union, raising concerns over the...

Oil Prices Remain Flat on Strong Supplies

Oil prices slipped in early Asian trade on Monday on a strong dollar as the odds grow of a June or July rate hike,...

What Does The Next OPEC Meeting Have In Store?

The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and...

Rising OPEC Crude Production Suppresses Oil Prices

Oil prices fell on Monday as rising production in the Middle East outweighed a decline in US output and a recent slide in the...

Is a “V-Shaped” Oil Prices Recovery on the Horizon?

A "V-shaped" oil prices recovery has been recently hinted by Core Labs, which detailed its outlook for the oil market when it reported its...

Abu Dhabi Plans Bonds Sale

Abu Dhabi, the capital of the United Arab Emirates, is sounding out investors about plans to issue bonds for the first time in more...

Doha Oil Freeze Meeting Fails; Oil Price and Stocks Tumble

WTI Crude oil futures gapped more than 4.5 percent in early Asian trading session on Monday. The decline in the commodity occurred a few...

Oil production freeze talks in Doha have run into some last-minute...

Oil production freeze talks in Doha between some of the world's largest oil producers have run into some last-minute trouble after Iran announced it...

Oil market to “move close to balance” in H2 of 2016

Evidence of falling U.S. production and a drop in supplies outside of OPEC will help the oil market "move close to balance" in the...

Oil rallies as stockpile growth slows

Oil rallied in early Wednesday trade in Asia after the biggest two-day slump in a month as U.S. industry data showed the pace of...

What’s behind the drop in oil prices?

The stunning fall in oil prices, from a peak of $115 per barrel in June 2014 to under $35 at the end of February...

Crude Oil Prices Extend Gains

Crude oil prices extended gains in early Asia trade Monday as the market turned more bullish on expectations of smaller supply and growing demand. On...

Could the oil price crunch topple governments?

Egypt's oil minister Osama Kamal has dismissed the head of state-owned Misr Petroleum and another top official due to a crisis in distributing fuel...

Global oil market might begin rebalancing in 2017, IEA

IEA medium-term report sees oil market rebalancing in 2017, but investment cuts pose supply security risks down the road Global oil supply growth is plunging...

Oil prices will remain “low for long, at least 3-5 years”

Fareed Zakaria, host of CNN’s flagship foreign affairs program ‘Fareed Zakaria GPS’ will interview two Indian icons later today, Sunday 21st of February. India’s...

GCC’s fuel subsidy reforms offer only modest fiscal space

While fuel subsidy reforms in members of the Gulf Cooperation Council (GCC) will help address pressure from low oil prices on public finances, these...