Most Oil Industry Experts See Oil Below $60 Through 2017
Most top experts from the oil industry do not expect oil prices to trade beyond $60 per barrel in the next 12 months. According to a Bloomberg survey at the Continue Reading
Biggest Oil Traders See Another Year Of Pain As Glut Persists
The largest oil traders are anticipating little relief to what has become the worst market slump in a generation. (Bloomberg) — The largest oil traders are anticipating little relief to Continue Reading
Russell: Time To Stop Over-Analyzing Oil Freeze, It’s Not Helping
One of the enduring features of oil markets is a tendency to over-analyse and interpret every word uttered by the various players, with the current debate over a mooted output Continue Reading
Wild Cards in Play During Run-Up to OPEC Freeze Meeting
Another day, another set of headlines about who’s on first – and indeed, who’s even a player – in the latest iteration of a potential OPEC (Organization of the Petroleum Continue Reading
NOC oil may feed new Kurdistan refinery
Baghdad is considering a proposal to send Kirkuk crude to a private refinery in Sulaimaniya province and by truck through Iran, part of a plan to maximize the once-shut assets Continue Reading
Exclusive: Iranian oil output stagnates for third month amid OPEC bargaining
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran’s steep oil output growth has stalled in the past Continue Reading
Saudi Oil Output Said to Drop as OPEC Debates Production Freeze
Kingdom’s production falls to 10.63 million barrels in August Saudi Arabia pumped record 10.67 million barrels a day in July Saudi Arabia told OPEC that its oil production dropped by Continue Reading
Saudi’s August oil output dips to 10.63 million bpd ahead of freeze talks
A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, Saudi Arabia June 23, 2008. Saudi Arabia’s crude oil production slipped Continue Reading
Saudi, Algeria oil ministers to meet OPEC head in push for output deal
Algeria’s energy minister will meet his Saudi counterpart and OPEC’s secretary-general in Paris on Friday as part of moves towards clinching a global deal on stabilizing crude output to support Continue Reading
Exclusive: New Caspian fields to add at least 200,000 bpd to oil market by year-end
Two major Caspian Sea oil fields scheduled to come on stream this year will together produce at least 200,000 barrels of crude per day (bpd) by the end of 2016, Continue Reading