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Global spare oil production capacity at ‘comfortable levels’: IEA
Global oil markets are adequately supplied with “comfortable” levels of spare production capacity, according to…
OPEC has the spare capacity to offset Iran’s oil supply losses, but does it have the will?
The looming lapse of sanctions waivers for imports of Iranian crude, along with the intensifying…
Petchem producer Braskem faces cash freeze amid fissure damage probe: company
A Brazilian court has ordered a “precautionary” freeze on up to Real $100 million ($25.45…
PKN Orlen says deterioration in Russian crude quality reaches Poland
Polish refiner PKN Orlen said Tuesday it is has been advised by Poland’s state-owned crude…
Interview: OPEC, Russia oil market role ‘diminishing’: IEA’s Birol
The rise of US shale is “diminishing” the influence of OPEC, Russia and their allies,…