MAJOR AMERICAN OIL PRODUCERS LOOK TO SLASH BUDGETS BY 30% FOR THE YEAR

Highlights:

• US President Donald Trump announced his plan to buy 90 million barrels of natural oil to be stored in the petroleum reserve.
• However, experts believe it is unlikely to change the trajectory of calculations through the week as the future lo...

Qatar Revamping Its Oil Pricing Mechanism

Earlier this week, Qatar announced a major revamp of its crude pricing formula. It has set the official selling prices (OSPs) that reference benchmark Platts Oman and Dubai assessments.

The newly-announced OSP for term supplies of Qatar Marine and Qatar Land crude grades by State-owned ...

Oil prices increased in the upcoming holiday season

Oil prices altered little on December 23, holding near a three-month high on the confidence over a nearing US-China trade deal even as Russia stated an OPEC-led pact may consider relaxing output cuts next year.

Brent crude was increased by 9 cents, or 0.14%, at $66.23 per barrel by 1240...

Dow Jones Industrial Average Approaches 52 Week High

Although the talk of a trade war with China is said to have discouraged the market last year, the underlying momentum of the business cycle appears to be driving up the stock market, GDP, and wages. The unemployment rate has fallen to 3.8%, close to historic lows, and an estimated 7 million jobs ...