U.S. shale producers won’t quit pumping oil, and OPEC is learning to deal with that. That’s the message emerging from this year’s CERAWeek energy conference, where the mood as thousands Continue Reading
Without the U.S. shale revolution, the global economy probably would have been mired in deep crisis, said Mohammad Barkindo, secretary-general of the Organization of the Petroleum Exporting Countries, on Tuesday. Continue Reading
Oil prices traded sideways in a quiet market as traders digest the news coming from Houston where the world’s opinion leaders in oil & gas have gathered for this year’s Continue Reading
Oil prices will settle in the $55-$60 range in the long term, according to Jeff Currie, the lead commodities researcher at Goldman Sachs, who spoke to Bloomberg this week regarding Continue Reading
The recent drop in oil industry investment brought on by weak prices threatens to significantly slow supply growth in the long term, and could lead to a shortage when it Continue Reading
Three years of drastic cuts to upstream spending because of the meltdown in oil prices could result in a shortage of oil supply in a few years, according to a Continue Reading
OPEC Secretary General Mohammad Barkindo listens during a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, 2016. REUTERS/Heinz-Peter Bader/File Continue Reading
Oil prices will tumble to $40 a barrel if OPEC doesn’t extend its pact later this year to cut output, according to one of the most prominent producers in the Continue Reading
Opec once decried hedge funds as a malign influence on the oil market. Now it is seeking their opinion. Mohammad Barkindo, secretary-general of the oil exporters’ cartel, said on Tuesday Continue Reading
Oil prices moved higher early Tuesday morning as threats to Libyan security balanced against reports that U.S. oil production gains could slow momentum. NATO allies expressed concern that fighting in Continue Reading
