REUTERS - Oil prices fell on Friday to their lowest this year, on course for their biggest one-month decline since late 2014 when OPEC opted to pump as much crude as it could to gain market share and sent prices on a near-unbroken two-year slide.
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REUTERS - Oil prices fell on Thursday after U.S. crude inventories swelled to their highest level since December adding to concerns about a global glut but OPEC talk of an output reduction limited losses.
APRNEWS - Iran will continue to export oil despite U.S. sanctions, which are part of a psychological war doomed to failure, Iranian President Hassan Rouhani said on Monday.
REUTERS - Nigerian opposition candidate Atiku Abubakar will seek to boost investment in the oil sector if he becomes president next year, according to a draft copy of his manifesto.
He plans to re-consider introducing bidding rounds for marginal fields and oil blocks, privatizing government-owned crude refineries and issuing new licenses for greenfield investments in refineries, the draft said.
REUTERS - Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday.
APRNEWS - US sanctions against importers of Iranian oil threaten the crude oil market's precarious balance and risk surging prices, all under Saudi Arabia's watchful gaze, according to experts.
APRNEWS - Trump demands to see Khashoggi 'murder' proof amid reports of recordingU.S. President Donald Trump said on Wednesday he did not want to abandon close ally Saudi Arabia over the disappearance of a Saudi journalist and government critic, and he needed to see evidence to prove Turkish claims he was killed by Saudi agents.
Reuters - Oil prices steadied near their highest since November 2014 on Tuesday as markets braced for tighter supply once U.S. sanctions against Iran kick in next month.
REUTERS - Oil prices rose on Thursday, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories.
REUTERS - Oil prices steadied on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions deter buyers, but gains were limited by evidence of a rise in U.S. inventories.