How much longer can the US shale industry survive. Amid a dreadful run of earnings reports that came out in recent days, and seem to support the notion that the results were not just a blip but indicative of problems bedevilling the sector as a whole and may well be the precursors to a fully-fledged breakdown.
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Yemen's Houthi group said on Saturday it had attacked oil facilities at Shayba in Saudi Arabia with 10 drones,
Just at the time the oil market is struggling to break out, it could have done with out it. The Trump administration enacts legislation which targets China's Human Rights record and its handling of democracy protestors in Hong Kong.
Global oil over the years has been a litany of contrasting if not oft times conflicting interests, competing in a far from free market whatever the commentariat would have you believe.
NNPC despite its appearance only masquerades as an integrated oil company. It is neither a real commercial entity nor a meaningful operator. Not an oil company but a facilitator of kleptocracy.
Brent crude the international oil price benchmark and the basis which Nigeria uses for price discovery on its crude grades fell to $22 per barrel on Monday,