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