Is Libya A Bigger Threat To Oil Prices Than U.S. Shale?
Despite some suggestions that oil prices will level off at around $60 in 2017, since the initial surge of the OPEC production deal prices have barely nudged above $53. Over Continue Reading
GE proposes investing in Nigeria’s ailing oil refineries
General Electric Co ( GE.N ) has proposed investing in Nigeria’s oil refineries, potentially convening a consortium of companies to improve capacity at the run-down facilities. GE’s plan and similar Continue Reading
Angolan Fund Says China Exim Will Lend $600 Million for New Port
The Export-Import Bank of China is lending Angola as much as $600 million for the construction of a deep-sea port in the northern enclave of Cabinda, according to Jose Filomeno Continue Reading
Nigeria Sees Oil Hitting Mid-$60s in Coming Months as OPEC Bites
Oil Reaches Mid-$60s in Months Crude oil prices, hovering around $55 a barrel since early December, will climb by about $10 in the coming months as OPEC-led measures to curb Continue Reading
PetroChina Warns Profit May Drop to Record Low on Oil Plunge
PetroChina Co., the country’s biggest listed oil and gas producer, said full-year net income in 2016 fell by as much as 80 percent, putting it on pace to report a Continue Reading
Beijing’s Plan for Cleaner Heat Leaves Villagers Cold
China has opened a challenging chapter in its pollution battle, installing electric heaters in village homes near Beijing to cut winter coal-burning, but stoking discontent about rising power bills. The Continue Reading
Pricier Oil Means China’s Foreign Reserves Will Shrink Even Faster, Goldman Says
Much focus is on how China’s capital outflows will impact the world’s biggest pile of foreign-exchange reserves, but another issue in need of attention here is the rally in crude, Continue Reading
Shale Frackers’ Weak Sales Leave Investors Asking What Growth?
Reporting a profit might not be enough Thursday for Baker Hughes Inc., after its two larger rivals failed to impress investors with anemic sales growth. Schlumberger Ltd.’s adjusted earnings surpassed Continue Reading
Expect A New Shale Boom This Spring
U.S. shale has now rebounded to a solid financial equilibrium that it makes sense for companies to begin investing in drilling again. The International Energy Agency (IEA) expects U.S. shale Continue Reading
Fact Box: Trump signs orders on Keystone XL, Dakota Access pipelines
President Donald Trump signed five separate orders Tuesday, including two aimed at speeding construction of the Keystone XL and Dakota Access pipelines and one which could lead to a new Continue Reading