Brent signals traders to release oil stocks: Kemp
Crude oil storage helped commodity traders and refiners make strong profits last year and in the first quarter of 2016 but now the price structure which made it possible is Continue Reading
Oil bulls will be the losers as technology upends demand
The bullish camp, which includes Opec and EIA, has recently reinforced their $80/bbl target by 2020 based mainly on “battle for supply” (competition among oil producing nations and technologies) arguing Continue Reading
Iran: Oil Industry Needs More Ships To Carry Exports
Iran is struggling to find enough viable tankers to carry oil exports, Reuters reported April 19. Now free of the economic sanctions imposed by the European Union in 2011 and Continue Reading
Exclusive: Iran struggles to find enough ships for oil exports
Malta-flagged Iranian crude oil supertanker ”Delvar” is seen anchored off Singapore March 1, 2012. Iran faces a struggle to increase oil exports because many of its tankers are tied up Continue Reading
Investment in Iran’s Oil, Gas Upstream to Come Slowly
Further growth in Iranian production volumes will be deterred by slow investment in Iran’s upstream oil and gas industry. Iran’s claim that it can ramp up production to 500,000 barrels Continue Reading
Oil Declines as Kuwait Workers End Strike After 3-Day Disruption
Oil fell after Kuwait workers said they would end a strike that disrupted output in OPEC’s fourth-largest producer for three days. Futures fell as much as 3 percent in New Continue Reading
Kuwait’s Oil Output Set to Return to Normal After Strike Ends
Kuwait’s oil production is set to return to normal in three days after thousands of striking workers returned to their jobs Wednesday. OPEC’s fourth-largest producer will boost output to an Continue Reading
Who speaks for Saudi Arabia on oil, rivals and allies wonder
Saudi Arabia’s Oil Minister Ali al-Naimi gestures as he attends a joint news conference with Russia’s Energy Minister Alexander Novak, Qatar’s Energy Minister Mohammad bin Saleh al-Sada, and Venezuela’s Oil Continue Reading
Saudi’s Blow to Doha Deal Could Push Some Oil-Reliant Nations to the Brink
Drilling mud flows into a container while an oilfield worker works on a rig at… Saudi Arabia’s decision to reject an international plan to limit oil output could push other Continue Reading
Saudi Arabia takes out $10bn in bank loans
Saudi Arabia is raising $10bn from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and Continue Reading