Venezuela’s NABEP Deploys New Rigs as It Reports Output Above 200,000 Barrels Per Day
North American Blue Energy Partners (NABEP) is deploying new workover and drilling rigs in Venezuela as it reports output above…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Aramco CEO Nasser Warns Global Oil Squeeze Is Serious as Inventories Dwindle
Aramco CEO Amin H. Nasser says the global squeeze on crude oil is serious, with commercial onshore inventories now well…
Gold rebounds as weaker dollar and lower yields offset hot U.S. inflation data
Gold rose on Thursday as a weaker dollar and lower Treasury yields outweighed a hotter-than-expected U.S. inflation report. Bets on…
UAE Oil Output Hits Record 5.3 Million Barrels a Day in September, IEA Says
The International Energy Agency says United Arab Emirates oil output reached record levels in September. Abu Dhabi raised total production…
Oil tanker freight costs hit records, adding over 40% to US crude price
Tanker freight rates have surged to records, adding a growing share to the price of oil. Attacks on ships tied…
