Plastics will come to account…
OPEC has repeatedly argued that…
It is quite rare for African national oil companies (NOCs) to liberalize, especially in countries that are heavily dependent on oil revenues. Yet Angola, whose stability was sent reeling by…
Crude markets had a panic attack in August and September that sent prices soaring. Sanity is now returning. Prices have fallen but are likely to move even lower over the…
Is the oil market tightening too much or is a glut on the verge of making a comeback? There were a series of mixed messages from both OPEC and the…
U.S. West Texas Intermediate Crude Oil futures are set to finish lower for the third straight week. What began as a simple pullback in a prolonged uptrend is rapidly becoming…
Libya is one of the most unreliable oil producers in OPEC and outside it. Production outages are a frequent occurrence as various armed groups vie for power over the country’s…
Baker Hughes reported a 1-rig increase for oil and gas in the United States this week, bringing the total number of active oil and gas drilling rigs to 1,068 according…
The UK continental shelf in the North Sea has recently drawn attention with several significant asset sale deals that have seen Chevron reduce its exposure to the legacy production…
OPEC and its Russia-led non-OPEC partners in the production cut deal may have to change course in the current relaxing of the cuts, due to increased inventories in recent weeks…
Global crude oil supply might need some cuts, Saudi Arabia’s Energy Minister Khalid al-Falih told state TV channel al-Ekhbariya as quoted by Reuters, to offset recent increases. “We (have)…
Warning signs about the slowing of the global economy continue to crop up, and market jitters are taking the steam out of oil prices. U.S. corporate earnings are no longer…
The U.S. shale industry may not grow as much, or at least as fast, as everyone thinks it will, according to a top industry executive. The drilling frenzy in West…
A day after the American Petroleum Instituted shook oil prices lower by reporting a crude oil inventory build of close to 10 million barrels, the Energy Information Administration confirmed…
With population of fewer than 750,000 people, Guyana—a neighbor of Venezuela—has always depended on commodities. Sugar, gold, shrimp, timber, bauxite, and rice account for nearly 60 percent of this…
Although Russia hit a post-Soviet record in its oil production last month, it doesn’t plan to raise output to 12 million bpd by the end of 2018, or in the…
Saudi Arabian companies could negotiate investment deals worth some US$50 billion in oil, gas, metals, and infrastructure during and after the Future Investment Initiative that opened today in Riyadh, Reuters…
Saudi Arabia and Russia could formalize a strategic partnership that would last indefinitely, potentially marking a new era for the oil market. In a wide-ranging interview with TASS, Saudi oil…
While U.S. legislators are discussing new sanctions on Russia that would increase economic pressure on Moscow by possibly expanding sanctions to the banking and energy industries, Russia is said to…
Libya’s oil production could rise by several hundred thousand barrels daily when BP and Eni resume production at a shared field, the head of the country’s state oil company
Fatih Birol, the Executive Director of the International Energy Agency (IEA), is not worried about Saudi Arabia retaliating with reduced oil supply in response to potential sanctions after the…
Russian authorities have announced that domestic oil production hit 11.36 million barrels per day (bpd), on average, in September (Vedomosti, October 2). This marks a new historic peak, reached…