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Are Supermajors Spooked By Peak Oil Demand?

Are Supermajors Spooked By Peak Oil Demand?

The renewable sector is expanding,…

Norway’s Giant Gas Field Is Set For Record Output

Norway’s Giant Gas Field Is Set For Record Output

Norwegian oil giant Statoil is…

OPEC Meets Next Week To ‘Fix’ Compliance Problem

OPEC Meets Next Week To ‘Fix’ Compliance Problem

Kuwait oil minister al-Marzouq said…

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Is This The Next Gold Major?

Jul 24, 2017 at 17:02 | Tommy Humphreys

CEO Stephen Letwin says IAMGOLD – one of the best-performing gold stocks so far in 2017 - is gunning to be a gold major. Can…

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Saudis To Take ‘Significant’ Measures To Bolster Oil Prices

Jul 24, 2017 at 16:29 | Gregory Brew

At the meeting of OPEC and non-OPEC producers in St. Petersburg on Monday, Saudi Arabia announced its intention to take further action to bolster flagging oil prices. Saudi oil minister…

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Oil Markets Unimpressed By OPEC Meeting

Jul 24, 2017 at 15:59 | Cyril Widdershoven

The 4th OPEC- Non-OPEC Ministerial Monitoring Committee meeting in St Petersburg, Russia, has – as expected- been a renewal of commitment by the leading producers Saudi Arabia, Russia and others,…

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Falling Chinese Demand May Be OPEC’s Biggest Dilemma

Jul 24, 2017 at 14:22 | Tsvetana Paraskova

While OPEC is trying to ‘fix’ the supply side of the oil market, demand at one of the world’s top refiners is faltering in the summer—a season on which the…

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Nigeria Ups Oil Output Despite Rampant Oil Theft

Jul 24, 2017 at 13:42 | Irina Slav

Things have been mostly good for Nigeria’s oil industry in recent months. The government negotiated a peace with the militants that wreaked havoc on the oil transport infrastructure in the…

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Goldman Sachs Warns Of Global Oil Demand Peak

Jul 24, 2017 at 11:54 | Tsvetana Paraskova

Higher vehicle efficiency and electric cars penetration, higher fuel prices, and lower economic growth may lead to a global oil demand peak as soon as in 2024, Goldman Sachs

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Ecuador’s Defection From The OPEC Deal Doesn’t Matter

Jul 24, 2017 at 11:47 | Kent Moors

Earlier this week, Ecuador’s Oil Minister Carlos Perez announced that the country would no longer abide by its commitment to the Vienna Accord. That’s the OPEC-Russia deal to cut oil…

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OPEC’s No.2 Goes Rogue, Plans To Pump 5 Million Bpd

Jul 24, 2017 at 10:07 | Irina Slav

Iraq’s crude oil output could hit 5 million barrels daily by the end of the year, the country’s Oil Minister Jabar al-Luaibi told Iraqi media, adding that these projections…

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OPEC Won’t Prevent Nigeria, Libya From Increasing Oil Output

Jul 24, 2017 at 09:28 | Irina Slav

OPEC seems to be willing to let exempt members Libya and Nigeria boost their crude oil output further before asking them to join the supply control deal aimed at propping…

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Aggressive U.S. Oil Sanctions Could Bankrupt Venezuela

Jul 21, 2017 at 16:53 | Nick Cunningham

The U.S. government has warned that it would take “swift economic actions” if the Venezuelan government proceeds with a July 30 move to rewrite the constitution to consolidate power…

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