Article Archive | Page 1096

Jul 24, 2017 at 16:29

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…

Jul 24, 2017 at 16:24

The U.S. Congress is set to approve legislation that will tighten sanctions on Russia, but more importantly, it will gut the President’s authority to unilaterally remove those sanctions. The sanctions…

Jul 24, 2017 at 15:59

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,…

Jul 24, 2017 at 14:22

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…

Jul 24, 2017 at 13:42

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…

Jul 24, 2017 at 11:54

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

Jul 24, 2017 at 11:47

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…

Jul 24, 2017 at 10:07

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…

Jul 24, 2017 at 09:28

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…

Jul 21, 2017 at 16:53

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…

Jul 21, 2017 at 16:53

Conflict-torn Libya, divided between rival factions in the east and the west, recently reached 1 million bpd of crude oil output—for the first time since 2013. The oil production…

Jul 21, 2017 at 16:50

China has a no-nonsense approach to pretty much everything. After its rapid growth as an industrial power, it is now employing this very same approach to deal with its consequences:…

Jul 21, 2017 at 16:44

Back in May, we pointed out an interesting observation made by Goldman: unlike late 2015 and most of 2016, when equities demonstrated surprising resilience to the swoon in oil prices, in…

Jul 21, 2017 at 16:43

The advent of super oil tanker ships and giant freight carriers, along with upcoming rules on sulfur used in marine vessel fuel, are expected to influence demand and pricing in…

Jul 21, 2017 at 16:39

WASHINGTON: U.S. legislation renewing and tightening sanctions on Russia, stalled in the House of Representatives, was not passed before the U.S. and Russian presidents met at the G20 summit in…

Jul 21, 2017 at 16:37

President Trump has a different view of climate change than the previous administration. His decision to disassociate the U.S. from the Paris Climate Accords has received the lion’s share of…

Jul 21, 2017 at 16:35

U.S. responsible for 40 percent of the world’s new gas production by 2022: IEA A report by the EIA indicated that coal exports—for both steam coal, used for power…

Jul 21, 2017 at 16:33

Barely a week passed after Kyrgyzstan triumphantly declared it had struck a deal with an international company willing to take up one of its ambitious hydropower projects for the agreement…

Jul 21, 2017 at 16:33

Early last month BP and its Spanish partner Repsol announced that their joint venture, BP Trinidad and Tobago (BPTT), had made significant gas finds in fields off the coast of…

Jul 21, 2017 at 16:28

A new World Bank report released today highlights the potential impacts that the expected continuing boom in low-carbon energy technologies will have on demand for many minerals and metals. Using…