Analysts: Expect Keystone XL Pipeline Approval
Key report from the US Department of State should set the stage for project`s approval from the White House, say analysts.
Articles Tagged "saudi aramco"
Aramco Speeds Up Manifa Oil Field Project to Feed Refineries
Bloomberg reports that Saudi Aramco intends to boost production capacity at the company's Manifa oil field.
Speculators Under Scrutiny
The price of crude oil has been exceptionally volatile in the last year. It has nearly doubled since January, topping $70 per barrel in June, even though the global economy and demand for oil remains sluggish. The United States and Europe have signaled possible crackdowns on oil speculators - the investors who trade daily in the fuel. They argue that the sharp price changes are not borne out by the small shifts in supply or demand for oil.
