Tag: oil production

Crude Oil Back on the Retreat

In spite of supply disruptions and inventory drawdowns that have raised speculation that record American oil inventories are going to ease further, oil prices...

Massive Explosions Cripple Nigerian Oil Industry

Nigerian Crude Oil Production Halved by Militant Activity On Saturday, 28 May 2016, a series of explosions rocked Nigeria as a new militant group –...

Russian Output Freeze Red Herring for Oil Market

Oil is once more on the retreat following revelations that the output freeze accord initiated by Saudi Arabia and Russia was just a ruse...

Oil Flooding International Markets Sends Prices Tumbling

Even though China has been stealing the show with the resurgence in volatility since the yearly reopening, the other major product that has been...