To avoid an oil supply shock in the coming years, the International Energy Agency says in its World Energy Outlook 2018 that there is a need to develop new upstream oil investments. Getty Images photo. [Read more]
Oil prices dipped slightly on Thursday as investors took profit after Wednesday’s rally which began after US President Donald Trump announced he was abandoning the Iran sanctions relief agreement. Statoil photo by Harald Pettersen. Oil [Read more]
The ban on US oil exports was lifted by the Obama administration in 2015, opening up global crude market to US producers. Getty Images photo. In 2015, the Obama administration lifted a 40-year ban on [Read more]
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