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Cracks In Global Economy Weigh On Oil Markets

Cracks In Global Economy Weigh On Oil Markets

Oil prices fell this week…

How To Trade The Turkish Crisis

How To Trade The Turkish Crisis

A run on the Turkish…

Is Mexico Set To Boost Oil Output?

Is Mexico Set To Boost Oil Output?

Mexico’s president-elect is determined to…

News

Aramco Ready To Invest To Meet Future Oil Demand

Aramco Ready To Invest To Meet Future Oil Demand

Aug 17, 2018 at 16:58 | Julianne Geiger

Citing $1 trillion in planned investments lost since the market downturn began, Aramco’s chairman of the board of directors Khalid Al-Falih issued a battle cry to the world’s other oil…

Security Concerns Over Libya’s Oil Attracts Huge Freight Premiums

Security Concerns Over Libya’s Oil Attracts Huge Freight Premiums

Aug 17, 2018 at 14:29 | Tsvetana Paraskova

Persisting security concerns over Libya’s oil export capacity and the political divisions in the country fetch large tanker freight premiums for shipowners daring to call at Libyan ports for crude…

Analysts: Russia’s Oil Industry Won’t Crumble Under U.S. ‘Bill From Hell’

Analysts: Russia’s Oil Industry Won’t Crumble Under U.S. ‘Bill From Hell’

Aug 17, 2018 at 13:31 | Tsvetana Paraskova

The ‘bill from hell’ of hard-hitting sanctions against Russia that U.S. Senators introduced earlier this month is unlikely to have a wide-ranging impact on Russia’s oil industry, analysts and economists…

Production At Libya’s Largest Oil Field Risks Shutdown, Again

Production At Libya’s Largest Oil Field Risks Shutdown, Again

Aug 17, 2018 at 12:52 | Tsvetana Paraskova

Just as Libya’s oil production recovered to a two-month high of over 1 million bpd, fresh protests at the oil terminal and refinery servicing the country’s largest oil field, Sharara,…

Total To Boost Nigeria Oil Production By 200,000 Bpd

Total To Boost Nigeria Oil Production By 200,000 Bpd

Aug 17, 2018 at 11:35 | Irina Slav

French supermajor Total will increase Nigeria’s oil production by 200,000 bpd by the end of the year, a senior official from the local unit of the company said at…

SEC Tesla Probe Not New: Report

SEC Tesla Probe Not New: Report

Aug 17, 2018 at 09:29 | Irina Slav

The Securities and Exchange Commission has been investigating Tesla for misleading statements about its Model 3 for months, unnamed sources in the know told the Wall Street Journal, long…

India’s Reliance Declares Force Majeure At Major Export Refinery

India’s Reliance Declares Force Majeure At Major Export Refinery

Aug 16, 2018 at 17:45 | Tsvetana Paraskova

Profit margins from gasoline refining in Asia jumped to one-year highs after Indian refiner Reliance Industries declared on Wednesday force majeure on exports of its predominantly export-oriented Jamnagar refinery…

Fifth Strike At Total’s North Sea Oil, Gas Platforms Set For Aug 20th

Fifth Strike At Total’s North Sea Oil, Gas Platforms Set For Aug 20th

Aug 16, 2018 at 17:29 | Tsvetana Paraskova

Workers at three oil and gas platforms in the North Sea operated by Total will go ahead with the planned 24-hour strike on August 20, after a meeting with…

UK Govt Stops Asking Public About Fracking As Shale Drilling Starts

UK Govt Stops Asking Public About Fracking As Shale Drilling Starts

Aug 16, 2018 at 17:24 | Tsvetana Paraskova

The UK government’s latest quarterly public attitudes tracker has dropped the question about how people feel about fracking, just as Cuadrilla Resources is preparing to start hydraulic fracturing in…

Angola Overhauls Block Sales Process To Boost Oil Production

Angola Overhauls Block Sales Process To Boost Oil Production

Aug 16, 2018 at 13:27 | Tsvetana Paraskova

Angola’s new President Joao Lourenco continues with reforms aimed at reversing the country’s oil production decline, by creating an agency that will sell and manage oil blocks instead of…

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