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NY Mercantile . Currency in USD
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  • Oilprice.com1 hour ago

    OPEC’s No.2 Plans Significant Raise In Crude Output Next Year

    Regardless of its participation in the OPEC output cut deal, Iraq is planning to raise its crude oil production by 600,000 bpd to 5 million barrels by the end of the year

  • Oilprice.com3 hours ago

    Barents Sea Oil Reserves Twice As Big As Previously Thought

    The Norwegian Petroleum Directorate expects the oil & gas reserves in the Barents Sea to be twice as large as previously thought

  • Reuters3 hours ago

    Venezuelan crude sales to the U.S. declined again in March

    Venezuelan crude oil sales to the United States declined in March for the third month in a row this year to 651,710 barrels per day due to falling exports of main grade Merey, according to Thomson Reuters trade flows data. Venezuela's crude output fell in 2016 to its lowest level in 23 years. Analysts expect another decline in 2017 due to lack of investment and to cash flow problems affecting state-run oil firm PDVSA, which controls more than 40 joint ventures for exploration and production.