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Article Archive | Page 839

Turkey Steps Up Fight For Gas in Eastern Mediterranean

May 08, 2019 at 15:29

Turkey said that it plans on drilling for natural gas in Cypriot waters, raising tension in the region and drawing rebukes from the European Union and the United States. The…

Iraq Close To Signing Mega $53 Billion Oil Deal

May 08, 2019 at 13:49

Iraq will soon finalize a large-scale, long-term deal for the development of oil fields in the South with Exxon and PetroChina. The 30-year contract will involve investments of US$53 billion…

Qatar Doubles Down On LNG Expansion Despite Saudi Blockade

May 08, 2019 at 13:33

Tiny gas-rich Qatar is pushing through with its plans to solidify its top spot as the world’s largest liquefied natural gas (LNG) player both in terms of liquefaction capacity and…

Trade War Worries Weigh On Bullish Crude Markets

May 08, 2019 at 12:27

After a brief spell of geopolitical extravaganza, Brent prices dropped back below $70 per barrel this week as the oil market started worrying about the fragile future of US-China trade…

The Energy Implications Of Additive Manufacturing

May 08, 2019 at 12:25

Additive Manufacturing (AM) is a three-step process involving Computer Aided Design (CAD), creation of a digital computer file and then manufacture of a product from the computer file using 3D…

An Energy Independent Mexico Is A Pipedream

May 08, 2019 at 12:24

Natural production declines, the price drop of 2014-2015, the status of a national cash-cow, lack of sophisticated EOR technology, regular policy U-turns on foreign investment – it is difficult to…

Turkey: A Ticking Time Bomb In Cyprus

May 08, 2019 at 12:21

Investors: Exxon Is Protected in Cyprus, But Turkey Will Risk Rationality Here There are two things for certain right now offshore Cyprus: Peace talks aren’t going anywhere, and Exxon’s drilling…

Ballooning U.S. Crude Stocks Cap Oil Prices

May 08, 2019 at 12:18

2019 has been good for oil bulls. Hedge funds largely poured into the long side of the market this year as OPEC+ showed strong discipline in removing barrels from the…

“The Stock Is Cheap”: Brazil’s Hedge Funds Jump Into Petrobras

May 08, 2019 at 11:59

Last month, Brazil’s state-owned oil company Petroleo Brasileiro SA (colloquially known as Petrobras) made headlines when it put investors on edge when the company announced a controversial decision to walk…

STEO: Brent To Average $70 This Year

May 08, 2019 at 11:07

The Energy Information Administration expects Brent crude prices this year to average US$70 a barrel, falling to US$67 a barrel in 2020, the authority said in the latest edition…

EIA Crude Draw Arrests Oil Price Crash

May 08, 2019 at 09:39

Crude oil prices inched higher after the Energy Information Administration today reported a draw in U.S. crude oil inventories of 4 million barrels for the week to May 3.…

Oil Prices Plunge As U.S.-China Trade War Escalates

May 08, 2019 at 09:09

Oil prices dipped early on Wednesday as the escalation of the trade dispute between the world’s two largest economies, the United States and China, was unable to…

Iran’s Master Plan To Beat U.S. Sanctions

May 07, 2019 at 17:11

One key foreign policy goal of the current U.S. government is to initiate regime change in Iran by crippling its economy to such a degree that popular unrest removes the…

IEA: Renewables Growth Is Stalling

May 07, 2019 at 16:54

Renewable energy deployment stalled out last year, raising alarm bells about the pace of the clean energy transition. In 2018, total deployment of renewable…

BP Bets Big On Gulf Of Mexico While Rivals Chase Shale

May 07, 2019 at 16:24

BP, the biggest oil producer in the U.S. Gulf of Mexico, has just announced that it is expanding the development at one of its fields, unlocking additional production from its…

How Trump's Tweets Are Transforming Oil Markets

May 07, 2019 at 13:35

You have to hand it to President Trump. He’s increasingly becoming the most indecisive president in U.S. history. His apparent and abrupt about-face on Sunday to increase tariffs on…

Iraq's Return To Oil's Top Table

May 07, 2019 at 12:37

Iraq has been at the center of many a Middle East conflict in the region’s contemporary history. The country has endured years of violence since the U.S. led invasion in…

Oil Prices Fall Further As Saudis Boost Exports

May 07, 2019 at 12:06

For the first time ever, Oilprice.com is releasing its annual Top 50 Oil & Gas Companies report to readers. This 5-part series includes an in-depth financial and…

Saudi Arabia Hikes Oil Prices For Asian Buyers As Supply Crunch Hits

May 07, 2019 at 11:52

Saudi Arabia has increased its official selling prices for all crude oil grades for Asian buyers with delivery in June as a supply crunch…

The Saudi Plan To Boost Spare Oil Production Capacity

May 07, 2019 at 10:34

Even as Saudi Arabia’s oil production reached record levels, with total output hitting 11.1m barrels per day (bpd) in November 2018, the country is boosting levels of investment to ensure…

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