When Will The Oil Market Rebalance?
Some observers believe the market must rebalance before oil prices bottom. But that is not necessarily true for futures prices, which are based on price expectations. Projections show the world Continue Reading
April oil freeze meeting likely to go ahead without Iran
Oil producers including Gulf OPEC members support holding a meeting next month to discuss a deal to freeze output even without Iran, OPEC sources said, as political pressure to prop Continue Reading
SocGen cuts 2016 oil price forecast on stubborn oversupply
Societe Generale on Wednesday lowered its crude oil price forecast, saying recent price gains were weak and based on temporary disruptions to a glut in output. The bank cut its Continue Reading
Syrian Kurds Hope to Establish a Federal Region in Country’s North
Syrian Kurdish parties are working on a plan to declare a federal region across much of northern Syria , several of their representatives said on Wednesday. They said their aim Continue Reading
Kurdish moves on federalism cloud Syria peace drive
Kurdish-controlled areas of northern Syria are expected to declare a federal system on Thursday, a move likely to further complicate peace talks in Geneva on ending more than five years Continue Reading
Libyan oil output has yet to recover
A survey of oil production from Libya shows the country remains far below its peak capacity levels posted more than five years ago, before the Arab Spring. Energy reporting service Continue Reading
Uganda, Kenya Officials to Meet, Tanzania Sets Pipeline Schedule
Construction of the Tanzania-Uganda crude oil pipeline begins in August and will be complete in two years, even as Kenya negotiates to have the pipeline go north through Lamu. The Continue Reading
Nigeria: Shell Lists Challenges in Nigerian Operations
The Royal Dutch Shell says security issues surrounding the safety of its people, sabotage and theft are some of the major risks and challenges affecting its operations in Nigeria. The Continue Reading
China makes low-carbon commitments
A five-year economic development plan unveiled by China called for strengthened efforts to control pollution and a gradual shift away from coal. A National Economic and Social Development plan outlined Continue Reading
Royal Dutch Shell, Saudi Aramco Plan to Break Up Motiva Partnership
Shell and Saudi Aramco formed their Motiva joint venture nearly two decades ago and spent $10 billion to double the size of their plant in Port Arthur, Texas, in 2012. Continue Reading