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$80-per-barrel oil possible this summer, warns investment bank

There seems to be enough market evidence to indicate $80 oil by the summer.

Apr 12, 2019

By Arthur Villasanta

Oil

Oil demand growth is showing no signs of nearing a peak

The International Energy Agency still doesn't see growth stopping.

Mar 18, 2019

By Matthew DiLallo

Oil Market Uncertainty Can Worsen Into A Crisis, Warns Expert

The prevailing uncertainty in the oil market abetted by OPEC production cuts, the U.S. sanctions on Venezuela oil and other factors can snowball into an energy crunch and impact oil price, warned an industry expert.

Feb 13, 2019

By Kalyan Kumar

OPEC Russia Venezuela Iran Saudi Arabia

A Texas-sized surge in oil production will hold prices down

With oil demand growth slowing, it's entirely possible that U.S. production alone will increase more than global demand in the next few years.

Nov 12, 2018

By Adam Levine-Weinberg

OPEC Saudi Arabia

China, India buying oil from Iran, ignoring US sanctions

As the rhetoric from the United States gets harsher and oil prices remain weak, Iran is finding some respite by selling larger amounts of crude oil to China and India.

Jul 24, 2018

By Himanshu Goenka

Donald Trump India Iran OPEC

Iran rebuffs Trump's call for OPEC to increase oil output

The OPEC oil ministers began arriving in Vienna on Tuesday ahead of their official meeting Friday, which will also include discussions with Russia.

Jun 20, 2018

By Associated Press

OPEC Iran

Trump plans to go ahead with steel, aluminum tariffs on EU

President Donald Trump announced in March the United States would slap a 25 percent tariff on imported steel, and a 10 percent tariff on imported aluminum.

May 31, 2018

By Associated Press

Donald Trump

German-Russian pipeline takes shape despite US protests

The Nord Stream 2 project will double the amount of natural gas Russia can funnel directly to the heart of Europe.

May 18, 2018

By Associated Press

Brexit-backing fracking tycoon Jim Ratcliffe becomes Britain's richest man

Jim Ratcliffe topped the Sunday Times Rich List 2018 with an estimated worth of £21.05bn.

May 13, 2018

By Staff Reporter

Australia paints dire picture of iron ore prices in 2018 forecasting a 20% slump

Government says drop in Chinese demand could spell very bad news for the industry.

Jan 8, 2018

By Gaurav Sharma

Pointers from the financial market's performance in 2017 for the upcoming year

The past 12 months have been largely positive for the stock markets, but the macroeconomic scenario appears increasingly uncertain as we enter 2018.

Dec 18, 2017

By Carlo Alberto De Casa

Sugar industry likely to see record global production of 192m tonnes

However, sugar cane diversion to ethanol production in Brazil means global prices remain high.

Dec 18, 2017

By Gaurav Sharma

Brazil India Thailand European Union

Coal plant seen behind West Virginia home

Power generation projects face 'significant' carbon transition risk

Industry will remain a focus of increasingly stringent decarbonisation policies as nations address their climate goals.

Dec 14, 2017

By Gaurav Sharma

Climate Change

Anti-dumping measures against cheap imports could help European steelmakers

Growth in demand, rising profits and regulatory support bodes well for the industry, according to a new report.

Dec 8, 2017

By Gaurav Sharma

Opec and non-Opec producers extend oil production cuts to Dec 2018

Russian and Saudi oil ministers came together to drive an extension of output cuts for another 12 months in line with market expectations.

Nov 30, 2017

By Gaurav Sharma

OPEC

Divergence in IEA and Opec oil demand growth forecasts 'not concerning', says Qatari minister

Mohammed Saleh Al-Sada tells IBTimes UK that global crude demand remains healthy and the market is rebalancing.

Nov 30, 2017

By Gaurav Sharma

India OPEC

Oil crisis: Saudi Arabia oil minister says “no sense wasting our time seeking production cuts”

Opec on track to extend production cuts but doubts over Russia's cooperation persist

Russia's participation is less than certain after Kremlin expresses concern about length of the proposed extension.

Nov 30, 2017

By Gaurav Sharma

OPEC Russia Iraq

Ten 'crude' years: Manoeuvres, wheeling and dealings at Opec over a volatile decade for oil markets

Having spent the last 10 years covering Opec, the IBTimes Business Editor provides a peek inside the 'central bank of oil'.

Nov 29, 2017

By Gaurav Sharma

OPEC

Oil plunges from 2-year highs ahead of Opec meeting

Crude futures slide on perceived uptick in US production and Russian reluctance to go along with cartel.

Nov 27, 2017

By Gaurav Sharma

OPEC Russia

UK energy prices to decline through to 2022 as 'cheap gas imports' rise

Falling demand and lower wholesale gas prices would cut power prices, research suggests.

Nov 23, 2017

By Gaurav Sharma

Brexit

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