Oil prices fell Monday on worries over a potential resurgence of U.S. shale production despite more confidence at OPEC that last year’s agreement to lower production is holding. Light, sweet Continue Reading
Oil fell for the first time in three days after U.S. drillers added the most rigs in more than three years, making it difficult for OPEC to drain global oversupply. Continue Reading
Last week the IEA warned that rising non-OPEC production could put an end to the OPEC-fueled price rally that began in late November after the cartel’s agreement to cut production. Continue Reading
Iraq’s oil minister said on Monday that most oil majors working on its territory were participating in oil output reductions agreed as part of the deal between OPEC and non-OPEC Continue Reading
Add Southern Green Canyon and Mars Blend to the growing list of American crude that’s challenging OPEC’s dominance in the world’s biggest oil market. Cargoes of the two varieties produced Continue Reading
Royal Dutch Shell said its move to sell off its share in a petrochemical joint venture with a Saudi partner is part of its effort to retool its regional focus. Continue Reading
Amid speculation whether Iraq would really play along with the OPEC production cuts, the oil minister of the cartel’s no.2 producer said on Monday that the country had already cut Continue Reading
After an electrical failure at the Sarir oilfield caused by a fire at a substation, Libya’s oil production has fallen by 60,000 barrels per day , National Oil Corp. head Continue Reading
Australian oil and gas explorer FAR Ltd., which has a strong African footprint, said new drilling started in a survey of a bright spot off the coast of Senegal. FAR Continue Reading
Halliburton Co.’s return to profitability in North America wasn’t enough to satisfy investors hungry for faster growth in its biggest market. The world’s top provider of fracking services failed to Continue Reading
