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Oil Drops as Forties Pipeline Nearing Restart

Oil Drops as Forties Pipeline Nearing Restart

Oil moved lower approaching $65 per barrel Tuesday, but stayed within sight of its highest point since the middle of 2015, as the restart looms of an important oil pipeline in the North Sea that offset support from supply cuts led... 
Secretary General of OPEC Urges Shale Oil Producers in U.S. to Cap Supply

Secretary General of OPEC Urges Shale Oil Producers in U.S. to Cap Supply

On Tuesday, OPEC Secretary General Mohammed Barkindo called on the shale oil producers in the U.S. to curtain the global supply of oil, warning that extraordinary measures may be necessary in 2018 to sustain the current rebalanced...