CRUDE OIL

US stocks traded mixed despite fears of possible Iranian retaliation for the U.S. drone strike that killed top commander.

US stocks open lower after killing of Iranian commander in Baghdad raises fears of new war

U.S. stocks closed moderately higher on some mild optimism over progress in China-U.S. trade talks.

India is trying to diversify its oil import portfolio, but faces big challenges as demand surges and U.S. pressures preclude buying from oil rich Iran.

China and Turkey are standing-up to U.S. demands they stop importing Iranian oil.

The region’s oil output is on track to double by 2025.

There seems to be enough market evidence to indicate $80 oil by the summer.

The United States will become the world's leading oil exporter by annual output this year.

A huge boost in shale oil production in the Permian region helped lift ExxonMobil's operating results for the year.

Even as the two countries continue negotiations to end the trade war set off by President Donald Trump, China imported a lot more crude oil from Russia than it did from the United States.

Analysts revised upward their WTI and Brent crude forecasts for the fourth quarter of 2018, as concerns over Iran’s supply and lack of action by OPEC continue to lend support.

Most analysts polled by International Business Times/Newsweek say a weak global demand, stronger dollar and trade war worries will keep a lid on crude oil prices.

Washington is pushing allies to cut imports of Iranian oil to zero and will impose a new round of sanctions on Iranian oil sales in November.

As the rhetoric from the United States gets harsher and oil prices remain weak, Iran is finding some respite by selling larger amounts of crude oil to China and India.

The world’s largest crude oil production company, Saudi Arabian state-owned Saudi Aramco, is looking to diversify its portfolio ahead of a planned public listing, in which it would sell 5 percent of the company.

In retaliation to the $50 billion worth of tariffs announced by the United States, China said it would impose 25 percent import duty on U.S. petroleum goods, sending the WTI crude price crashing.

The price of Brent crude fell almost by 3 percent between Wednesday and Friday, after Russia and OPEC signalled they were considering increasing output following several months of tightening supply.

Since its low point in mid-January 2016, the price of crude oil has made a sustained recovery, but fresh concerns over Venezuela and the future of the nuclear deal with Iran could pare back the gains.

Scientists figured out how old beetle fossils were to learn about the prehistoric climate of Los Angeles, and it looks like it was the same as it is today.

Repsol energy said the well could yield up to 1.2 million barrels of oil.

A new study found that up to 16 percent of the United States' fracking wells spill chemicals and hydrocarbons.