Iran May Keep Same Oil Output If Others Extend Cuts, Kuwait Says

Iran will probably be allowed to keep its oil production unchanged if OPEC decides to extend its six-month agreement on output cuts beyond June, Kuwaiti Oil Minister Issam Almarzooq said.

Fitch: Shale Recovery to Keep Oil Prices Under Pressure in 2017

The recovery in US drilling activity will drive up shale oil production in the second half of 2017, offsetting a portion of recent oil price gains, Fitch Ratings says. We therefore expect average oil prices for the year to be below those in January and Fe

Shale Drilling Is on a Roll as OPEC Cuts Keep Oil Above $50

Shale wildcatters pushed ahead on the biggest surge in U.S. oil drilling since 2012 as the explorers take advantage of prices above $50 for more than two months.

Seasonal factors keep marine fuel availability tight in Hamburg

Limited supplies of fuel for Hamburg’s bunker market are persisting as product destined for the marine market remains diverted elsewhere.

Dayang to sell at least 25% of Perdana Petroleum stake to keep listing status

Dayang Enterprise, which currently owns more than 98% equity in Perdana Petroleum and is keen to maintain the...

CISA tells China iron ore importers to keep close eye on steel credit crunch

China's iron ore importers need to keep a close eye on the country's steel mills as they mull output...

Tanker Market: Cheap Oil and Restrained Vessel Supply Continues to Keep Spot Rates Buoyant says TEN

Tsakos Energy Navigation Limited reported results (unaudited) for the year ended December 31, 2014 and the fourth...