Oil Trades Near One-Month Low as OPEC Accord Remains Unresolved
Oil traded near the lowest level in a month in New York after weekend talks between OPEC and other major producers failed to yield concrete details on an accord to Continue Reading
More OPEC Exemption Requests Spur Wagers on Oil Price Slump
Bets on lower WTI crude gain for first time in 5 weeks: CFTC Internal splits prevent accord with other major producers The growing list of OPEC members seeking exemptions from Continue Reading
Oil falls as non-OPEC yet to pledge concrete oil output steps
Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices – a stance that suggested Continue Reading
Will Oil Majors Ever Recover?
The oil majors began reporting their third quarter earnings in recent days, and the figures do not look good. The three-month period ending in September saw oil prices sink to Continue Reading
Is the Era of Oil Megaprojects Over?
BP said earlier this year that its capex for 2016 would come in at less than the US$17 billion it had initially planned for the year. Shell boasted a 20-percent Continue Reading
Iraq Reveals Oilfields Output to Win Over OPEC Ahead of Meeting
State marketing agency shows rare details of crude production Iraq wants OPEC to accept its figures before November meeting Iraq published data showing a rare level of detail for its Continue Reading
Saudi Arabia’s Oil War Gained It 1% Market Share – Which It Is About To Lose
Al Falih Saudi Arabia has wielded immense power over both the oil producers and consumers based on its proven oil reserves. It not only has the second largest proven oil Continue Reading
Big Oil’s Shrinking Act Has More to Go in China
China’s oil output slump shows no signs of abating as the country’s state-run energy giants hold back spending to cope with the crash in prices. China’s Big Three producers, led Continue Reading
China’s Oil Giants Shrink Their Spending
China’s once-freewheeling oil giants are singing a new tune: They’d rather sit on stockpiles of cash than produce more energy. As the commodities slump stretches into its third year with Continue Reading
Skyrocketing West Texas Land Prices Have Oilmen Uneasy
Wall Street investors have fallen in love with properties in the Permian Basin, and that is making some West Texas oil men nervous. Even though a barrel of oil commands Continue Reading