Monday 28 July 2014
US shale

Despite Saudi pledge, new oil outage would strain supply

The world's unused spare oil production capacity would struggle to cover for another big outage, industry officials and analysts say, increasing the chance governments may tap strategic reserves should Iraq's southern exports be disrupte


Saudi to dominate oil scene in years to come

Ever since 2011, Brent oil has been trading at above $100 per barrel and, had it not been to Saudi Arabia’s intervention to step up production, prices would have been much higher. Like any other commodity, global price of oi

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