Oil prices remain stable as concerns over producer output outweigh US inventory growth

Oil prices were stable on Wednesday, as fears that producers could not respond to a delivery shortage once US sanctions on Iran came into force offset higher inventories in the…

Iran says Saudi Arabia and Russia have taken the oil market as a "hostage": SHANA

LONDON (Reuters) – The Iranian OPEC governor said on Saturday that Saudi Arabia and Russia had taken the oil market as a "hostage" as US President Donald Trump wanted to…

Sinopec will produce 146 million barrels of crude oil in the second half of 2018

China's largest oil refiner Sinopec will produce 146 million barrels of crude in the second half of 2018, compared to 143.6 million barrels in the first half, the company said…

Production at the Sharara oil field in Libya drops to less than 100,000 bpd - the engineer

BENGHAZI, Libya, July 14 (Reuters) – Production at the Sharara oil field in Libya was reduced to less than 100,000 barrels a day (bpd) on Saturday after two employees were…