Why $50 Oil Makes Sense
Shale Sunset Crude oil’s fundamentals don’t support further gains from here. Oil markets are currently near an equilibrium, and the situation is likely to continue, unless the supply outages are Continue Reading
Opec resists output cap with oil near $50
Saudi Arabia’s new energy minister rallied Opec support for maintaining production on Thursday, as a near-doubling of crude prices since January eased tensions among oil exporters. Khalid Al Falih said Continue Reading
This Is No Way to Run an Oil Cartel
For a short while it seemed that the Organization of the Petroleum Exporting Countries would start acting like a cartel again by putting a ceiling on the group’s production of Continue Reading
OPEC Fails to Reach Agreement on Oil Production Ceiling
An OPEC flag sits on a table ahead of the meeting in Vienna on Thursday. VIENNA—OPEC broke off its meeting on Thursday without reaching an agreement on oil production , Continue Reading
Saudi Oil Minister Says Aramco to Keep Spare Capacity After IPO
The initial public offering of the world’s largest oil company will not mean an end to a long-time policy of keeping some of its production capacity idle to cushion any Continue Reading
The Militia Commander Beating Back ISIS in Iraq Makes the U.S. Nervous
Behind the rise of a paramilitary force in Iraq credited with saving the country from Islamic State is an Iran-trained jihadist the U.S. wants far from the battlefield. A decade Continue Reading
Israel Approves Noble’s Leviathan Development Plan
The Israeli government approves Noble’s proposed development plan for the offshore Leviathan field. Following the implementation of measures to address concerns over control of Israel’s natural gas market, the Israeli Continue Reading
Falluja is a ‘tough nut to crack’: Iraqi finance minister
Islamic State is putting up a tough fight in Falluja and its recapture by the Iraqi army could take time, said Iraqi Finance Minister Hoshiyar Zebari. Falluja, located 50 kilometers Continue Reading
Saudi Oil Chief Khalid al-Falih Tells OPEC Changes Are Coming
The new oil minister in Saudi Arabia, the de facto leader of the OPEC countries, had a message for the global market: Don’t expect us to influence the price of Continue Reading
Iran Eyes $185 Billion In Foreign Investment With New Contracts
Zanganeh SIgmar Gabriel Iran has been eager to restart the full-scale development of its oil and gas reserves since the lifting of economic sanctions early this year, and its main Continue Reading