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NEWS |
Middle East Oil & Gas - By Tsvetana Paraskova
Despite the heightened tension in the Middle East in recent months, oil and gas producing countries in the region—many of which are OPEC members—go ahead with their plans to boost oil and gas producti (...)
NEWS |
OPEC Predicts Oil and Gas Will Still Supply Most Global Energy Demand in 2040
Oil and gas will continue to play a central role in achieving sustainable economic development and reducing ‘energy poverty’, OPEC Secretary General H.E. Mohammad Sanusi Barkindo has told industry lea (...)
NEWS |
Middle East Oil & Gas
Despite the heightened tension in the Middle East in recent months, oil and gas producing countries in the region—many of which are OPEC members—go ahead with their plans to boost oil and gas producti (...)
NEWS |
OPEC to cut cost of overproduction by 50% - Timipre Sylva
The Honourable Minister of State, Petroleum Resources, Chief Timipre Sylva, on the 21st of September said that there will be no Organisation of Petroleum Exporting Countries (OPEC) cut off oil product (...)
NEWS |
Oil and gas companies need to rethink their business
The oil and gas industry is in sad shape, and unless executives begin overhauling their business plans and expectations soon, investors will lose more money, and workers will lose more jobs.
NEWS |
Saudi Arabia signals oil production cuts will stay
Saudi Arabia’s new energy minister has moved to reassure oil markets that production cuts co-ordinated with Opec and Russia would remain in place, as the kingdom accelerates plans for a listing of its (...)
NEWS |
Oil majors to mull fresh cuts as trade war hits prices
Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade war.
NEWS |
Oil price rests on three factors
Three essential factors will determine the direction of the oil price next year, according to Rystad Energy.
NEWS |
OPEC's Oil Basket Price Is Averaging ~$65 For 2019, Keeping It There Presents Challenges
We are nearing the end of the current oil trading year's third quarter and crude prices, while volatile, continue to oscillate within a predictable $50-70 per barrel range, with both the global proxy (...)
NEWS |
Blending innovation benefits to drive down intervention costs
Pressure on the oil and gas well infrastructure continues to be challenged by ever-increasing global demand. In its World Oil Outlook 2018, OPEC predicts primary energy demand will increase by 33% to (...)
NEWS |
Oil market is going from gloomy to gloomier
Recent developments in the oil market have sent cold shivers through Rystad Energy’s oil market team, calling into question our temporary bullish view for the first part of 2020 linked to the new IMO (...)
NEWS |
Oil picks up from 7 month low
Oil is rebounding in early trade on Thursday, up over 2%, as it claws back some of the heavy losses from the previous session.
NEWS |
OPEC Sees New Oil Surplus in 2020 as U.S. Shale Keeps Surging
A week after OPEC agreed to keep oil production restrained until early next year, the group’s first forecasts for 2020 showed it faces an even longer and tougher challenge.
NEWS |
Oil prices hold near $67/b ahead of G20 talks, OPEC
Oil prices held near $67 per barrel on Friday ahead of talks over the trade dispute between the U.S. and Chinese presidents over the weekend and on production cuts from OPEC on Monday.
NEWS |
Putin says Russia and Saudi Arabia will maintain oil cuts for as long as 9 months
Russian President Vladimir Putin struck a deal with Saudi Crown Prince Mohammed Bin Salman to extend the OPEC+ agreement at current production levels for the rest of this year and potentially into ear (...)
NEWS |
Oil extends decline after slump on high inventories, demand outlook
Oil prices fell for a second day on Thursday, extending declines of as much as 4% in the previous session, on continued increases in U.S. crude stockpiles and concerns about lower demand growth.
NEWS |
The oil market is quickly turning very ugly
Excitement is fading fast. The first official assessment of 2020 comes from the International Energy Agency on Friday, but a first look at forecasts from consultants and traders for supply and demand (...)
NEWS |
Oil rises as Saudi Arabia signals OPEC deal extension
Oil prices rose on Friday, climbing further from five-month lows hit this week amid signs that OPEC and other producers may extend their output reduction deal.
NEWS |
Oil prices gain after fall in US crude inventories
Oil prices rose on Thursday after an industry report showed a decline in U.S. crude inventories that exceeded analyst expectations.
NEWS |
Oil drops as trade war concerns outweigh supply disruptions
Oil prices fell on Wednesday on concerns the Sino-U.S. trade war could trigger a global economic downturn, but relatively tight supply amid OPEC output cuts and political tensions in the Middle East o (...)
NEWS |
Oil steadies as trade fears balance Mideast tension and supply cuts
Oil steadied on Monday, trading below $69 a barrel, as concern over the U.S.-China trade dispute and global economic outlook offset support from Middle East tensions and supply cuts.
NEWS |
Oil down as Saudi vows to defuse conflict
Oil prices fell on Wednesday in Asia amid comments by Saudi Arabia that said it would “do everything in its power” to prevent further conflict between Iran and the US.
NEWS |
North Sea crude production recovering from outages
Norwegian crude oil loadings were recovering Monday after the Oseberg field came on stream following an outage, and some loading resumed at the Statfjord field, state-controlled Equinor said.
NEWS |
North Sea Flotta Crude Grade Oil Fields Shut Down For Pipeline Repairs
Production at oil fields that feed into North Sea crude grade Flotta Gold has been shut down due to repairs on the main pipeline to the export terminal in Scotland, a spokesman for the terminal operat (...)
NEWS |
OPEC: Signs Of A Major Oil Deficit
The big three determinants of the health of the oil industry today are 1) global demand, 2) US output, and 3) OPEC output.
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