Demand for oil storage soars amid supply glut — FT.com
With crude oil piling up around the world the space inside terminals is now a hot commodity. The market for crude oil storage futures has been expanding since last year’s Continue Reading
Violent Struggle Over Oil and Money Rattles Global Energy Market
After years of relative peace, militants are again blowing up the pipelines that criss-cross the mangrove swamps of Nigeria’s Niger River delta, reducing oil output to the lowest in almost Continue Reading
Industry Needs to Make Tough Call on Deepwater Projects in Challenging Time
Difficult decisions are needed to tackle challenges in the current market as the number of deepwater projects dropped 42 percent in the past year to 122. Weak crude prices, the Continue Reading
Predictions for the change in oil price through to 2017
After a dismal start to the year, oil prices staged a partial recovery, with dated Brent Blend, the global benchmark, rising by almost 70% from a 13-year low of US$26/barrel Continue Reading
Saudi Arabia Considers Paying Contractors With IOUs
The King Abdullah financial district sits on the horizon seen from a skyscraper under construction in Riyadh, Saudi Arabia, on Sunday, Jan. 10, 2016. Saudi Arabia has told banks in Continue Reading
Saudi Oil Stockpiles Hit 18-Month Low in March as Output Capped
Saudi Arabia’s crude oil stockpiles fell in March for the fifth month in a row reaching the lowest level in 18 months as the kingdom kept shipping crude to meet Continue Reading
Iran’s Government and Revolutionary Guards Battle for Control of Economy
Iran’s South Pars natural-gas field has extensive infrastructure that an Islamic Revolutionary Guard Corps engineering… TEHRAN— Ebadallah Abdollahi, a commander of Iran’s Revolutionary Guards, was surprised last summer to find Continue Reading
Are The Saudis Facing A Full-Blown Liquidity Crisis?
Riyadh Saudi Arabia Previously we documented that as a result of the still low oil prices, largely a result of Saudi Arabian strategy to put high cost producers out of Continue Reading
New investment revives modest hopes for KRG oil sector
After two years of non-payments and security concerns, Kurdistan-focused oil companies are gingerly starting to reinvest. The drilling platform at the Akri-Bijeel field in Iraqi Kurdistan. (SEBASTIAN MEYER/Iraq Oil Report/Metrography) Continue Reading
How the Mideast’s Second-Richest Nation Is Reacting to Oil Shock
The man in charge of helping Kuwait navigate the global oil-price shock said the Middle East’s second-richest nation is responding to the crisis by “spending as much as possible” to Continue Reading