(Alexander Klein/AFP/GettyImages)

Iraq follows Saudi price Cuts as Brent oil falls with WTI

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Iraq will sell its Basrah Light crude to Asia at the biggest discount since January 2009.
(AP Photo/Hasan Jamali)

Iran matches Saudi oil discounts in bear market for crude

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Iran will sell its oil to Asia in November at the biggest discount in almost six years, matching cuts by Saudi Arabia as global crude benchmarks slide deeper into a bear market.
Saudi Arabian Minister of Petroleum and Mineral Resources Ali Ibrahim al-Naimi. (MLADEN  ANTONOV/AFP/Getty Images)

Oil bulls keep faith Saudi supply cuts will revive price

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Ignore the talk of an OPEC price war, say crude market bulls. Oil’s next move was spelled out inSaudi Arabia’s own words.

The More Things Change, The More They Stay The Same

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The above phrase is from the translation of  ‘plus ça change, plus c’est la même chose‘ by the French novelist Jean-Baptiste Alphonse Karr. Regardless, not only is it great, but also highly applicable to a veritable selection of shenanigans going on across energyland™.  First up – or actually first and second up, are two examples […]
Yellow oil barrels

Crude prices fall as Saudi Arabia cuts prices

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Oil for November delivery declined 43 cents, or 0.5 percent, to close at $90.73 a barrel.
Yellow oil barrels

Crude oil in U.S. slides most in 22 months on growing supply

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Oil for November delivery fell $3.41 to end at $91.16 a barrel.
(Billy Smith II/Houston Chronicle)

Surging Middle East oil increases tanker rates

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The oil-refining wave in the Middle East is filling tankers to export the region’s processed fuels and driving freight rates to the highest for the time of year since 2008.
(AP Photo/Hasan Jamali, File)

OPEC yet to decide on supply cuts as crude prices extend retreat

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OPEC has yet to decide to cut its production target, the United Arab Emirates’ energy minister said, as crude prices extend a slide since June amid a boom in U.S. shale oil and signs of slower demand growth in China.
(AP Photo/Cyprus Press and Information Office, File)

Cyprus official says Egypt, Jordan interested in gas

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The Houston company Noble Energy is a partner in a field off Cyprus’ southern coast.
Categories: Middle East, Natural gas
(LEON NEAL/AFP/Getty Images)

Libya halts biggest oilfield amid rebel attacks

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The disruption “serves as a reminder that despite recovering export rates and the National Oil Corp.’s reassurances of stable supplies, the country remains in a state of civil war, where anything can happen,” Andrey Kryuchenkov, an analyst at VTB Capital in London, said.