(Oil & Gas 360) – What will happen to Syria now that the Assad family’s brutal dictatorship is over is a big question in the foreign policy establishment. A bigger question is: What is Syria? The boundaries of Syria, Iraq, Jordan, and other parts of the Middle East were established after World War I by the British and French colonial powers
(Investing) – HOUSTON – Oil prices rose on Monday, as strong factory activity in China buoyed hopes of higher demand, and as escalating tensions in the Middle East, where Israel resumed attacks on Lebanon despite a ceasefire deal, spurred supply concerns. Brent crude futures climbed 36 cents, or 0.49%, to $72.20 a barrel by 10:44 a.m. EST (1544 GMT) while U.S. West
(Oil & Gas 360) – Sudden, violent, disruptive events in the Middle East cause big oil price jumps and front-page headlines about gasoline prices – don’t they? But not lately. Like the dog that did not bark, why not? Russia, one of the world’s three largest oil producers, invaded Ukraine and started a war which has been going for 2 ½
(Yahoo Finance) – LONDON – Oil prices were broadly stable on Thursday as uncertainty around conflict in the Middle East and reports of North Korean troops ready to help Russia in Ukraine kept traders on edge ahead of the U.S. presidential election. Brent crude futures were up 46 cents, or 0.6%, at $75.42 a barrel by 1318 GMT. U.S. West
(Oil Price) – The United States is the world’s largest oil producer, pumping some 13 million barrels every day. Yet the U.S. is also the biggest consumer of crude, a major exporter, and a country with an empty strategic petroleum reserve. Continental Resources founder Harold Hamm called the U.S. “unusually vulnerable” to an oil shock. Just a month ago, such
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