The world’s most prominent oil forecaster, the International Energy Agency, anticipates near-equilibrium between supply and demand in global crude markets next year. If OPEC members can’t resolve some massive output Continue Reading
Oil Rig Options traders expect oil prices to rise above $80 per barrel and reach close to $110 per barrel within the next four years, according to data from the Continue Reading
Oil Rig In my last article for OilPrice.com (May 16, 2016), I laid out my reasoning for a prediction that the Global Oil Markets would soon be back in balance. Continue Reading
The costs for electricity generated by solar and wind technologies is cheap and getting cheaper, a report released Wednesday by an international group said. With the right policies in place, Continue Reading
The oil and gas industry will cut $1 trillion from planned spending on exploration and development because of the slump in prices, leading to slower growth in production, according to Continue Reading
Drillers forced to slash spending during the oil slump may soon be facing another hurdle: a funding shortfall to the tune of $2 trillion over the next five years. That Continue Reading
OPEC’s full-year 2016 oil export revenues will probably fall 15 percent, down for the third straight year and possibly the lowest in more than a decade before rising in 2017, Continue Reading
Iraq’s Kurds are ready to strike an agreement with the central government in Baghdad on a deal to increase oil exports, if it guarantees them a monthly revenue of $1 Continue Reading
Iran easily beat expectations with its speed in boosting oil exports after the lifting of sanctions. Without an injection of cash and the easing of remaining trade barriers, the recovery Continue Reading
The Islamic Republic (IR) of Iran’s disputed nuclear program, which was widely viewed as a concern for international security, ended on January 16. After international sanctions were ended, the expectation Continue Reading
