Norway heralds new North Sea production
The start of new production in the North Sea is a testament to the enduring strength of Norway’s energy sector, the country’s energy minister said. Norwegian Energy Minister Terje Soviknes Continue Reading
Russia’s Largest Oilfield May Be About to Gush Cash Once Again
Russia’s largest oil field, so far past its prime that it now pumps almost 20 times more water than crude, could be on the verge of gushing profits again for Continue Reading
What Oil Crisis? Arctic Drilling Off Norway Set for Record
Explorers look set to drill a record number of wells in Norway’s Arctic waters this year, undeterred by oil prices apparently stuck below $60 a barrel. After making a discovery Continue Reading
France’s Total looks further downstream in effort to ease looming supply glut
France’s Total is looking to invest in energy projects further downstream than their upstream and LNG production facilities, the company’s President of Gas Laurent Vivier said Tuesday. The strategy is Continue Reading
Oil Prices Head Lower In Spite Of Bullish OPEC Data
Oil is charging lower to start the new week, as the monthly OPEC oil market report has done little to assuage oversupply concerns – despite the cartel’s proclamations of production Continue Reading
Oil prices dip as markets remain bloated despite OPEC-led cuts
Oil prices dipped on Monday on signs that global fuel markets remained bloated despite OPEC-led crude production cuts that have been more successful than most initially expected. Brent crude futures Continue Reading
Artificial Intelligence To Reveal The Biggest Secret In Oil
The EIA is, and will continue to be, the gold standard for reporting U.S. oil inventories, and the administration’s weekly reports have the power to immediately swing crude oil prices Continue Reading
Investor Honeymoon With OPEC Falters as Shale Drilling Booms
IEA Sees OPEC Achieving 90% Production Cut Compliance There are limits to investors’ love affair with OPEC. After unprecedented optimism that the Organization of Petroleum Exporting Countries will manage to Continue Reading
OPEC reports big Saudi oil cut, boosting compliance with deal
Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the group’s supply-reduction Continue Reading
Oil output cuts working quicker than expected, signals Opec
Steep Opec production cuts could ease an oil market surplus quicker than expected in 2017, the oil cartel signalled in its first output assessment since a deal to curb supplies Continue Reading