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Shell Oil Company CEO Says to Invest in Oil

Shell oil company CEO Ben van Beurden appeared in front of the media to express the concern of the firm. The company, Royal Dutch...

Tanker Ship Damaged Near Jeddah | Wibest

An Iranian oil tanker ship was hit by an armada of missiles near the coast of Saudi Arabia. The National Iranian Oil Company or...

OPEC Countries Gives Nigeria New Target

  OPEC Countries and its allies just allowed Nigeria’s plea to increase its oil production output under the organization’s quota. The new deal will grant...

Crude Oil Prices Rise Against Global Economy Concerns

  WTI crude oil and Brent oil prices rallied this Monday’s trading sessions as traders fear about the global economy. Aside from that, crude prices...

Oil Market: Prices Go Up Against Opec News

  The oil market shifts its focus to the OPEC production cuts for September. After the attack against Saudi Arabia, OPEC oil output has fallen...

Oil Prices Fall Against Weak Chinese Data | Wibest

  Oil prices contract in today’s trading as the Chinese economic outlook continues to falter despite improvement in other sectors. Traders remain worried about China’s...

BP Petroleum Giant to Barter More U.S. Crude in Asian Countries

  Recently, petroleum major BP announced it plans to sell more U.S. crude to Asian countries. This is after its shale oil production escalates. It...

US Federal Reserve: After Kicking 1-week high, Gold Prices Stable

On Thursday in Asia, as traders weighed gains in stock markets and expected a potential rate cut by the U.S. Federal Reserve occurred, gold...

Oil Prices Increase on US-China Negotiations OPEC Supply Decrease

Oil prices increased around 1.5 percent on Monday, pushed up by optimism that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude. Read ,more here!

Oil Prices Firm, Pressure Looms Large

Oil prices were pretty steady on Monday after plunging 2 percent in the previous session, but were still under pressure amid weaker growth in major economies and concerns about oversupply. Read more here!