The dollar slumped against all its major peers after the Federal Reserve gave dollar bulls little to be optimistic about after the worst January in 30 years. Global equities slid Continue Reading
To survive the lower-for-longer price market, oil and gas companies need to rethink their strategies for major offshore projects. With oil prices still trading around the $50/barrel mark, oil and Continue Reading
Within two years, production at one of Kurdistan’s flagship oil fields has collapsed by about 75 percent.The rapid decline of the Taq Taq field is an emblem for Kurdistan’s struggling Continue Reading
With the first month of the Organization of the Petroleum Exporting Countries’ deal now behind us, official production and export numbers are hard to find. The early results, though, are Continue Reading
Iraqi oil player Gulf Keystone Petroleum said it was planning further investments this year, but still facing commercial pressures. The company is among those with a strong focus on the Continue Reading
Saudi Arabia has been forced to return to the role of swing producer in the oil market, despite the country’s insistence for three decades it would never play the role Continue Reading
Iraq significantly reduced oil output in January, according to industry sources and export data on Wednesday, but has yet to reach levels expected by OPEC from its second largest producer. Continue Reading
Nigeria’s crude oil exports are on track for a month-on-month rise in March after a string of loading delays pushed back some cargoes. Exports are slated to reach 1.62 million Continue Reading
The recent bump in oil prices isn’t enough to help Petroleos de Venezuela SA as it faces its fourth consecutive year of declining production. The company’s crude output is expected Continue Reading
Traders reduced their bets on a default of Venezuela’s dollar debt over the next year amid a thin repayment schedule in the first quarter. The implied probability of nonpayment over Continue Reading
