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US-China service sector has come to life, oil has healed because...

The price of brent crude oil rose about one percent on Tuesday, moving closer to the $63 per barrel mark.

China will be a priority for Saudi Aramco. Miners want to...

Saudi Aramco is already the most important supplier of oil to China. Last year, a Saudi-led mite in supplies to China even outsmal Russia.

The price of oil has fallen sharply. Concerns about the onset...

Oil becomes cheaper for five days in a row. Until Thursday, however, it was only a gradual decline in the price of a barrel of...

The price of oil broke the $ 70 per barrel mark....

A barrel of brent oil costs more than $ 70 for the first time since the outbreak of a coronavirus pandemic. This is an immediate market response to the announced drone attack on Saudi oil refineries.

The OPEC cartel is under pressure because of the healthier oil....

A barrel of Brent oil has been trading at more than sixty dollars for nearly two weeks. In recent hours, the price has even drawn...

Oil production in Russia fell to a nine-year low last year

Russia supplied more than 512 million tons of oil to the world market last year. Compared to 2019, there was a decrease of less than...

OPEC+ group agrees to light increase in oil production from January

Representatives of the Member States of the Organization of Petroleum Exporting Countries and Russia agreed to increase oil production by 500,000 barrels per day...

Norwegian mining companies plan to increase investment next year

Norwegian oil and gas companies expect a good 2021. They plan to increase their investment in new mining projects compared to the original plan....

OPEC will not let oil price fall, organisation secretary-general said

The OPEC+ group of countries, according to OPEC Secretary-General Mohammed Barkind, looks to avoid further significant falls in oil prices. This is because of...

China does not follow energy trade deal agreed with the US

In the first phase of new  trade deal between the US and China in January, China agreed to import energy commodities in the volume...

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