5 Questions for Oil Markets After the Doha Meeting
It looks like a case of as you were. Major producers such as Russia and Saudi Arabia were already pumping oil at very high levels in January: Russia’s daily production Continue Reading
Five questions in the wake of Doha
How far will the price of oil fall? Crude oil has jumped more than 40 per cent since mid-February when Saudi Arabia, Russia, Venezuela and Qatar first announced plans for Continue Reading
Oman Offers to Bridge Saudi-Iran Gap in Oil Output Talks
Oman, the biggest non-OPEC oil exporter in the Persian Gulf, offered to narrow differences between Saudi Arabia and Iran that scuttled a planned crude output freeze. Futures fell as much Continue Reading
Saudi Prince Says Kingdom Working to Soften Blow of Subsidy Cuts
Saudi Arabia will limit the impact of subsidy cuts on its citizens as the world’s largest oil exporter overhauls its economy for the post-oil era, Deputy Crown Prince Mohammed bin Continue Reading
Bets on Saudi Devaluation Jump Most in 3 Weeks After Doha: Chart
In the end, the outcome of Sunday’s summit of 16 oil ministers at Qatar’s Sheraton hotel turned on one country that wasn’t there. Iran’s decision, on the eve of the Continue Reading
Brazil’s lower house of Congress votes to impeach President Dilma Rousseff
President Dilma Rousseff lost a crucial impeachment vote in Brazil’s lower house on Sunday evening, making her removal ever more likely and deepening the country’s political crisis less than four Continue Reading
200M Barrels Of Oil Sit In Idle Tankers Waiting To Unload At Chinese Ports
There is a new drama on the oil front: those who have it in excess can’t get it to those who want it—at least not quickly enough for everyone to Continue Reading
Exclusive: Chevron puts Myanmar gas block stakes worth $1.3 billion up for sale – sources
U.S. oil and gas major Chevron Corp has put all of its Myanmar gas block stakes up for sale, which at a combined likely valuation of $1.3 billion, would be Continue Reading
Big Oil’s `Rock Star’ in Congress Runs Rig Tours to Win Votes
Congressman Steve Scalise leaned over the railing of the Chevron Corp. oil rig floating in inky blue waters 250 miles off the Louisiana coast, and marveled to a cluster of Continue Reading
Canada’s Oil Industry To See 62% Decline In Investment
Canada’s oil production may see a small increase this year as new projects come online, but the good news stops there for the industry that has seen a 62 percent Continue Reading