OPEC crude output fell the most in two years last month as the group implemented almost 80% of its new production cuts deal.
Top exporter Saudi Arabia cut deeper than pledged, while its close allies the United Arab Emirates and Kuwait also made sizable reductions, Bloomberg reported.
Those...
Russian oil output declined to 11.38 million barrels per day in January, or by around 35,000 bpd from the October 2018 level, the baseline for the global oil accord, missing the deal’s target, Energy Ministry data showed on Saturday.
This was down from 11.45 million bpd in December, a record...
European buyers of the heavy crude produced by Venezuela’s PDVSA have put their purchases on hold in anticipation of sanctions against the government in Caracas to be announced by the European Union.
The European Parliament followed Washington’s example in recognizing national Assembly President...