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These Oil Giants Just Jumped Into A Brand New Market

Major oil trader Glencore and…

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Has Gulf Of Mexico Production Peaked?

United States shale production has…

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Aramco IPO Value May Be Much Lower Than Expected

Aug 14, 2017 at 12:58 | Tsvetana Paraskova

While most international analysts have already said that the value of Saudi Aramco in next year’s IPO would not be close to the Saudi target and claim of US$2 trillion,…

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OPEC Reference Basket Oil Price Drops By $1.33 In One Day

Aug 14, 2017 at 10:31 | Tsvetana Paraskova

The price of the OPEC basket of 14 crude varieties of its members dropped to US$49.37 a barrel on Friday from US$50.70 the previous day, OPEC said on Monday,…

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Mexico Becomes Increasingly Important For U.S. Energy Exports

Aug 14, 2017 at 10:21 | Tsvetana Paraskova

U.S. energy sales account for more than 50 percent of Mexico’s current energy imports as Mexican energy reforms open the market and as the country is switching to natural gas-fired…

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35,000-Barrel Oil Spill Prompts Urgent Cleanup In Kuwait

Aug 14, 2017 at 09:28 | Irina Slav

An oil spill into Kuwaiti waters prompted an emergency cleanup over the weekend, with media reports saying it all will be over this week. While some sources attributed…

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Brazil Plans for $17 Billion In New Investments By 2017 End

Aug 11, 2017 at 17:22 | Zainab Calcuttawala

Brazil’s state-owned Petrobras forecasts $17 billion in investments and $8 billion in asset liquidation over the course of 2017, according to a new corporate financial presentation posted online. The…

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PDVSA Refineries Look Towards Canadian Crude To Meet Demand

Aug 11, 2017 at 15:24 | Zainab Calcuttawala

Caracas’ state-owned refineries in the United States have begun to inquire about importing oil from Canada instead of Venezuela due to the latter country’s oil production crisis, according to a…

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Nigerian Protesters Storm Shell Crude Oil Flow Station

Aug 11, 2017 at 13:35 | Tsvetana Paraskova

Hundreds of Nigerians stormed on Friday a Shell-owned crude flow station that feeds the Bonny export terminal, protesting against lack of jobs and demanding infrastructure development, according to a

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OPEC/Non-OPEC Overproduce 470,000 Bpd Above Commitment

Aug 11, 2017 at 12:44 | Tsvetana Paraskova

Stronger-than-expected oil demand growth may be tilting the market to rebalancing, but confidence in any sustained rebalancing is suppressed on the back of OPEC and non-OPEC producers’ signals of weakening…

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Saudi Crown Prince Favors New York Over London For Aramco IPO

Aug 11, 2017 at 11:55 | Tsvetana Paraskova

Even though Saudi Arabia’s advisors are favoring London over New York for the foreign venue to list Aramco shares, Saudi Crown Prince Mohammad bin Salman and the Saudi government are…

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Indian Refiners Plan To Splash $35B On Petrochemicals

Aug 11, 2017 at 10:32 | Irina Slav

Indian state-owned refiners are planning to spend US$35 billion on expanding their petrochemicals output in anticipation of a boom in demand for products ranging from plastics to paints, Reuters

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