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In the last one week it was the usual interplay of the forces of bulls and bears in the global oil market. Tensions in the Middle East continued to weigh on oil futures.  The United States benchmark, West Texas Intermediate, WTI traded down by US$1.70 ( ...
Vanguard News
Though the Organisation of Petroleum Exporting Countries (OPEC) and non-members have contributed tremendously to global economy, especially the oil prices, the cartel may continue to contend with rising forces, which will affect oil price.
The Guardian
U.S. causing instability in Middle East, Latin America, Iran says
Premium Times
Eighteen Indians, including the ship's captain, are among 23 crew members of a British-flagged oil tanker seized by Iran in the Strait of Hormuz.
Brazil’s state-owned oil company, Petróleo Brasileiro S.A., Petrobras, has denied supplying any oil to vessels...
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