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  • 20 hours 2nd Annual Great Oil Price Prediction Challenge of 2019

Energy

Russian Oil CEO: OPEC+ Cuts To Keep Oil Between $55 And $65

Russian Oil CEO: OPEC+ Cuts To Keep Oil Between $55 And $65

Dec 10, 2019 at 09:03 | Tsvetana Paraskova

The efforts of OPEC and its Russia-led non-OPEC allies to cut production further will be positive for oil prices, which will stay in the US$55-US$65 per barrel range in the…

OPEC Deal Could Send Oil To $70

OPEC Deal Could Send Oil To $70

Dec 09, 2019 at 15:53 | Nick Cunningham

The OPEC+ deal could push oil prices back to $70 per barrel next year, assuming all goes according to plan. The combination of raising the production cuts to 1.7 million…

These Secretive Oil Companies Control $3 Trillion In Wealth

These Secretive Oil Companies Control $3 Trillion In Wealth

Dec 09, 2019 at 15:43 | Anes Alic

They control the vast majority of the world’s oil and gas assets, yet the average person has never even heard of them, outside of those that are famous for things…

China Is Winning The Offshore Oil Game

China Is Winning The Offshore Oil Game

Dec 09, 2019 at 15:21 | Julianne Geiger

Hydrocarbon-hungry China is tearing it up on the offshore oil and gas scene, and its rapidly growing global footprint is helped along because it’s not unconcerned with compliance, transparency, corruption…

Lower Oil Production Will Cause Saudi Budget Deficit To Balloon

Lower Oil Production Will Cause Saudi Budget Deficit To Balloon

Dec 09, 2019 at 15:15 | Julianne Geiger

Saudi Arabia is predicting that its budget deficit will balloon to US$50 billion next year as low oil prices and lowered production eat into the Kingdom’s oil revenue, according an…

Canada's Oil Crisis Isn't As Bad As It Seems

Canada's Oil Crisis Isn't As Bad As It Seems

Dec 09, 2019 at 13:55 | Irina Slav

Any investor or prospective investor googling “Alberta”--Canada’s key oil-producing province--will likely give up before clicking any further, at this point. The results will be a string of bleaker-than-bleak forecasts…

Libya Declares Force Majeure On Loadings From El-Feel Oilfield

Libya Declares Force Majeure On Loadings From El-Feel Oilfield

Dec 09, 2019 at 12:37 | Tsvetana Paraskova

Libya’s volatile production and exports may inadvertently help OPEC and its allies in supply restrictions these days, after the Libyan National Oil Corporation (NOC) has declared force majeure on crude…

Israel's Plan To Bypass The World's Most Critical Oil Chokepoint

Israel's Plan To Bypass The World's Most Critical Oil Chokepoint

Dec 09, 2019 at 11:52 | Tsvetana Paraskova

Israel pitched to India this weekend its idea of a new transportation corridor in the Middle East bypassing the most critical oil chokepoint in the world which is very close…

Aramco Looks To Build An LNG Fleet

Aramco Looks To Build An LNG Fleet

Dec 09, 2019 at 10:24 | Irina Slav

Aramco’s shipping division has issued an expression of interest in the chartering of up to a dozen LNG carriers beginning in 2025, Reuters reports, citing industry sources. Liquefied natural…

Goldman Sachs Sees Higher Oil Prices In 2020

Goldman Sachs Sees Higher Oil Prices In 2020

Dec 09, 2019 at 09:21 | Irina Slav

Goldman Sachs lifted its crude oil price forecast for 2020 on the grounds that OPEC’s deeper production cuts will help the market avoid oversupply, Bloomberg reports, citing an emailed…

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