U.S. President Donald Trump is welcome to join a dialogue on balancing the global oil market, OPEC Secretary General Mohammad Barkindo told Reuters on Wednesday. Advertisements
A Tampa, Florida based options trading firm, OptionSellers, went dark this weekend after it informed its clients of a “catastrophic loss event,” resulting from a short squeeze on the natural gas market, ZeroHedge reports, citing parts of the letter.
Read MoreOPEC is thinking of putting a ceiling on the crude oil outputs of Libya and Nigeria, as rising production from these two OPEC producers exempt from the cuts is further complicating the cartel’s efforts to draw down oversupply and boost oil prices, The Wall Street Journal reported on Friday, citing OPEC delegates.
Read MoreMozambique had decided that its massive natural gas reserves would be the country’s ticket off of the world’s poorest countries shortlist – but mismanagement of domestic strife and wonky fiscal planning have put Maputo behind in becoming Africa’s Qatar.
Read MoreOil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the industry, raising more “above ground” problems at a time that they can ill-afford it.
Read MoreRussia and OPEC are by all appearances seeing eye-to-eye on the the global oil market. On Thursday, OPEC’s Secretary-General met with Russia’s top energy official to discuss the current state of the oil market. Here are 5 takeaways from the meeting.
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