Imagine a scenario in which PDVSA is shipping five tankers full of oil, and that when these tankers touch international waters, they are confiscated due to the billions in outstanding debts PDVSA has to pay
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Oil prices fell drastically on Friday on the back of news that Russia and Saudi Arabia are considering an increase in their oil production
West Texas Intermediate for July delivery dropped $1.13 to settle at $70.71 a barrel on the New York Mercantile Exchange for the biggest one-day decline since May 8
Spot oil prices make the headlines. But those aren’t the prices that matter
Heightened political uncertainty, particularly related to the U.S. decision to reimpose sanctions against Iran, is adding to the bullish sentiment
