Barrel Breakdown
Cost of producing a barrel of oil and gas Average cash cost to produce a barrel of oil or gas equivalent in 2016, based on data from March 2016. The Continue Reading
Oil Producers to Address Crude Glut at Weekend Meeting
The royalty of the global oil world descends on this Persian Gulf outpost this weekend to discuss freezing its collective output, a gambit to end a nearly two-year price rout. Continue Reading
Iran Will Send OPEC Governor, Not Oil Minister, to Doha Talks
Iran ended weeks of speculation by confirming it will send a representative, though not its oil minister, to talks between crude producers in Doha this weekend . Hossein Kazempour Ardebili, Continue Reading
How OPEC lost control of the oil market
This weekend, 13 countries with little in common will attempt to act as one – by coming to an agreement to curb oil production and prop up prices. But the Continue Reading
Iran’s Central Bank Chief Warns Banking-Access Issues Jeopardize Nuclear Deal
Iran’s central bank governor, in a rare visit to Washington, demanded the Obama administration take more steps to facilitate his country’s banking transactions world-wide and warned the landmark nuclear agreement Continue Reading
Saudi Prince Says He Could Add a Million Barrels Immediately
Saudi Arabia could raise crude production by more than a million barrels a day immediately, said the kingdom’s Deputy Crown Prince, as he reiterated the nation would only agree to Continue Reading
Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill
Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Continue Reading
China’s March coal output down 4.5% on year
China mined 293.8 million mt of coal in March, down 4.5% on year, according figures released Friday the National Bureau of Statistics. In January-March, China mined a total of 811.27 Continue Reading
China GDP: out with the old economy
China’s economic growth rate last year was its lowest in 25 years and is continuing to decrease. But while the “old China” is in decline, newer sectors of the economy Continue Reading
As China’s Growth Slows, Banks Feel the Strain of Bad Debt
For Chinese banks, the decision to lend to companies like Bohai Steel was for years a no-brainer. Lenders took heart from its state backing, which appeared as solid as the Continue Reading