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The crude market may be underestimating China’s oil demand. Storage data gathered by satellite implies the amount of crude China is putting into storage is below what can be extrapolated from the nation’s customs and production data, Barclays Plc ... ... lees verder

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SINGAPORE — Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent crude futures , the international benchmark for oil prices, were at $ ... ... lees verder

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The Kurdish-led Syrian Democratic Forced, with air support from the U.S.-led coalition, said it captured the Al-Omar field in a "swift and wide military operation," adding that some militants have taken cover in oil company houses nearby, where clashes are ... ... lees verder

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This July 30, 2017 photo, shows an oil field controlled by the Kurdish-led Syrian Democratic Forces (SDF), in Rmeilan, Hassakeh province, northeast Syria. The SDF, with air support from the U.S.-led coalition, said Sunday, Oct. 22, 2017 that they had ... ... lees verder

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Julian Lee is an oil strategist for Bloomberg First Word. Previously he worked as a senior analyst at the Centre for Global Energy Studies. Brent crude's brief flirtation with a $60 price level already seems to be fading. OPEC and its friends are facing ... ... lees verder

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A sharp rebound in U.S. shale-oil production is showing no signs of tapering off —and that looks likely keep a lid on oil prices in coming years, even as OPEC and its allies continue to cut production. That’s the view of several industry experts ... ... lees verder

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YASUNI PARK, Ecuador (Reuters) - The manager of state oil company Petroamazonas defended Ecuador’s plans to expand exploitation of major oil reserves in one of the world’s most species-diverse rainforests, saying it will ensure minimum environmental ... ... lees verder

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BAGHDAD (Reuters) - Saudi Oil Minister Khalid al-Falih made a high profile visit to Iraq on Saturday, calling for increased economic cooperation and praising existing coordination to boost crude oil prices. In a speech at the opening of the Baghdad ... ... lees verder