Did Oil Inventories Just Peak?
After a bullish-tilted weekly EIA report, crude is holding onto gains – and once again bumping its head on the top of its trading range. As OPEC cuts and rising Continue Reading
Oil To $70? Or Down To $30?
Will oil prices rise to $70 per barrel this year or fall to $30? Depends on who you ask. Oil price forecasts are always all over the map, but the Continue Reading
Five Things We Learned This Week: Back to $30 Oil?
1) People Are Talking About $30 Oil Again Oil has been wavering around $56 a barrel for months, recovering in 2016 from the plunge that sent crude down to almost Continue Reading
Iran says oil prices over $55 per barrel harmful for OPEC: Fars
Iran said on Thursday an increase in oil prices to more than $55 per barrel was not in the interest of OPEC as it would lead to a rise in Continue Reading
Saudi Arabia Says Aramco Is Worth More Than $2 Trillion
Saudi Arabia has said oil giant Saudi Aramco is worth more than $2 trillion, enough to consume Apple Inc. twice, and still have room for Google parent Alphabet Inc. The Continue Reading
Investment decision reached for Israeli gas giant
The partnership in control of Leviathan, among the largest gas fields in the world, said they reached an investment decision that envisions flows by 2019. Delek Group and its partners Continue Reading
Oil production from Kazakhstan on the rise
Production from part of Kashagan oil field in the Kazakh waters of the Caspian Sea should reach capacity by the end of the year, an operating company said. According to Continue Reading
Kurdish government changes oil export options
A major player in the oil sector of the Kurdish north of Iraq said it was re-routing exports by government orders, but that won’t impact production levels. The semiautonomous Kurdistan Continue Reading
FAR makes further progress offshore Senegal
Drilling of a fifth appraisal well into what may become one of the more promising basins off the West African coast is completed, FAR Ltd. announced. FAR is said its Continue Reading
Border-Adjustment Tax Divides Energy Sector
The linchpin of a corporate tax overhaul proposed by House Republicans would mark a massive change for the U.S. oil and gas industry and has companies frantically studying whether to Continue Reading