OPEC March Crude Oil Data » Peak Oil Barrel
The OPEC Monthly Oil Market Report is out with OPEC’s crude oil production numbers for March 2017. All data is through March 2017 and is in thousand barrels per day. Looking at the Continue Reading
Oil market rebalancing, demand expected to rise: Aramco CEO
The oil market is rebalancing in the short term, and demand will continue to grow in the long term, Saudi Aramco Chief Executive Amin Nasser said at the Columbia University Continue Reading
EPA moves to undo tougher pollution limits on coal plants
The Trump administration is moving to rewrite Obama-era rules limiting water pollution from coal-fired power plants. Scott Pruitt, the administrator of the Environmental Protection Agency, sent a letter announcing his Continue Reading
Saudi Aramco chief warns of looming oil shortage
The head of Saudi Arabia’s state energy giant has warned of a looming oil shortage as a $1tn drop in investments into future production takes effect. Amin Nasser, chief executive Continue Reading
Kurdistan pushes for independence referendum
The quest for independence has been a perennial feature of political rhetoric in Kurdistan, but now leaders are taking significant new steps in pursuit of that aspiration.The Kurdistan region’s top Continue Reading
Aramco CEO Sees Oil Market Closer to Balance Despite U.S. Boom
Rise in U.S. output leading to short-term price drop: Nasser Aramco IPO is “on track” and “everything is going well” The global oil market is moving closer to balance even Continue Reading
Iran vows to match Qatar in terms of overall energy production
Iran says it could match Qatar with it production goals. Both sides share in the development of a giant Persian Gulf field that Iran calls South Pars. File photo by Continue Reading
Saudi Arabia, Iraq, Kuwait Aim for $60 a Barrel Oil Price
Some of OPEC’s biggest oil producers, including Saudi Arabia, are now targeting $60 a barrel as the level where they want to push crude prices, OPEC officials said, signaling they Continue Reading
Pipeline Built to Survive Extremes Can’t Bear Slow Oil Flow
Trans Alaska carrying just a quarter of its peak volume The lower the flow, the higher the risks from Arctic cold Here at the top of the world, January brought Continue Reading
Russia takes conservative approach on the price of oil
Russia is taking a conservative approach to the price of oil, pegging its scenario for growth at $40 per barrel for the nation’s benchmark Urals crude oil. “Taking into account Continue Reading