Saudi Arabia will try to maintain oil supplies to its major customers by drawing down crude stored at tank farms in the kingdom and in its global network...
Prince Abdul-Aziz bin Salman is the first member of the Saudi royal family to be appointed to the all-important role of energy minister but he faces the same...
U.S. manufacturers reported a further slowdown in growth last month. If the trend continues, it is likely the Federal Reserve will cut interest rates in the...
The White House will have to weigh costs and benefits carefully before tightening sanctions on Iran and Venezuela further - and decide whether the economic...
U.S. President Donald Trump and the Saudi government have closely aligned views on most issues, but they disagree significantly on the desirable level for oil...
LONDON: Saudi Arabia has resumed its traditional role as the swing producer, sharply reducing its own output to tighten the oil market and push prices...
Global growth is slowing and the world economy is headed for a recession in 2019 unless something happens to provide it with renewed momentum. The OECD’s...
No one likes to predict recession, but the global economy is likely to experience a significant slowdown before the end of 2019, and the slowdown may be...
LONDON: The Trump administration’s top diplomat has indicated the United States might grant waivers to some countries allowing them to continue importing...
LONDON: The White House can drive Iran’s oil exports to zero, or it can have moderate U.S. gasoline prices, but it probably cannot have both.The awkward...
LONDON: The United States and Saudi Arabia seem to have an understanding to keep the oil market well supplied and avoid a significant price rise after the...
Trade and investment restrictions are proliferating around the world, driven by security concerns and protectionist pressures. In each instance, policymakers...
Trade tensions between the United States and China are likely to have an adverse impact on global growth even if the threatened tariffs are never imposed....
LONDON: In a round of interviews and media briefings Wednesday, Trump administration officials downplayed the risk of a trade war with China, insisting tariff...
LONDON: Saudi Arabia is making good on promises to curtail oil shipments to the United States with the likely intention of draining visible inventories and...
LONDON: Oil traders have finally given up on an early rebalancing of the crude market, with flat prices and calendar spreads plunging to the lowest level...
LONDON: Saudi Arabia’s oil production hit a record in July, according to published statistics, and is likely to hit another in August, according to industry...
LONDON: “If we are victorious in one more battle with the Romans, we shall be utterly ruined,” King Pyrrhus of Epirus complained after winning exceptionally...
LONDON: Iran contains some of the largest and most attractive petroleum resources in the world, so any easing of sanctions could have a major impact on oil...
LONDON: Political leaders in the United States and Europe could soon face an uncomfortable choice between raising the pressure on Iran further or taking steps...
LONDON: The loss of oil supplies from South Sudan, Syria, Yemen and Iran satisfies all the conditions for member countries of the International Energy Agency...
LONDON: Commentators identifying a new Saudi "price target" at $100 per barrel are wide of the mark. Saudi Arabia's views on what constitutes a...