44 Things You Didn’t Know About Oil

44 Things You Didn’t Know About Oil

Whenever you see a headline like this, you know it will go along the lines of “did you know that petroleum stands for rock oil?” Yes you did, goes the reply of an overwhelming majority of readers.

Has OPEC Been Too Successful?

Has OPEC Been Too Successful?

Last week, OPEC said in its Monthly Oil Market Report that based on OECD commercial stocks numbers from December, “In line with the existing overhang, the market is only expected to return to balance towards the end of this year.”

Higher Oil Prices Are Bad News For India

Higher Oil Prices Are Bad News For India

One of the world’s largest crude oil importers, India, has benefited from low oil prices for the better part of the past three years, enjoying a lower import bill and improving its trade balance and current accounts.

Iran Oil Exports Hit 777 Million Barrels In 2017

Iran Oil Exports Hit 777 Million Barrels In 2017

Iran shipped 777 million barrels of crude last year, the state news agency Shana reported. Of this total, which represents an average daily export rate of 2.13 million barrels, 62 percent went to buyers in Asia. The rest was sold to European customers.

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