Irina Slav

After reversing last week’s rout and rising for two consecutive days earlier this week, oil prices were down on Wednesday morning in Asian trade ahead of a Fed update on interest rates and other monetary policy measures. At the time of writing, Brent c...

Last week, oil prices booked their worst week since the start of the year, dropping off a cliff on renewed fears about the global economy after the collapse of two big U.S. banks and the near-collapse of Credit Suisse. While most price forecasts for th...

Kuwait Oil Company, the state-owned firm of one of OPEC’s largest producers, on Monday declared a state of emergency following an oil spill on land. No people have been injured and oil production has not been disrupted after the incident, the company w...

OPEC’s Secretary General Haitham Al Ghais and Iraq’s Prime Minister met over the weekend and called for coordinated action among oil exporters globally in order to reduce volatility in the oil market and avoid adverse impacts for consuming countries, R...

“We know that the transition will not be a straight line. Different countries and industries will move at different speeds, and oil and gas will play a vital role in meeting global energy demands through that journey.” This is what BlackRock’s chief ex...

Crude oil prices are about to end their worst week since the start of the year as news from the banking industry ignited fears of demand depression. As of Friday morning, West Texas Intermediate was down by about 10% for the week. Brent crude was also ...

Softer oil market fundamentals than previously expected prompted ING on Friday to slash its Brent Crude forecast for this year to $90 per barrel from $98, as a larger current surplus is likely to leave the market in a better position to handle an expec...