In Breakaway Move From Saudis, Iraq May Change Oil Pricing
In a bid to increase oil revenues and possibly setting the stage for its own benchmark crude grade, Iraq has told customers it may change the way it prices Basra Continue Reading
Despite Sanctions, Qatar Outpaces Saudi Arabia In Economic Growth
Despite the torrent of reports attesting to the non-impact of the Saudi Arabia-led diplomatic boycott of Doha, new estimates by Bloomberg’s economic survey predict that 2017 will be Qatar’s slowest Continue Reading
Portugal Dominated Angola for Centuries. Now the Roles Are Reversed.
How the roles have reversed: The colonizer, some Portuguese contend, has been colonized. On the Portuguese coast of Cascais, where the nation’s royal court used to summer, a new 14-story Continue Reading
Brazilian Corruption Charges Could Impact Mexico’s Oil Boom
Last year, Brazilian construction firm Odebrecht and affiliated petrochemical company Braskem pleaded guilty to bribing officials in 12 countries to secure high-paying contracts. The firm agreed to a payment of Continue Reading
BHP misses on profit, dividend; focuses on paying down debt
BHP tripled its final dividend to $0.43 a share, also below expectations, but pleased shareholders with a focus on reducing net debt, which was cut by nearly $10 billion. “Net Continue Reading
Colombia Looks At Shale As Oil Reserves Plunge
Colombia’s oil production has been falling for the last four years. It’s not just the 2014 price crash that pressured output: The country’s fields are depleting and new discoveries are Continue Reading
The Latest Red Flag For U.S. Shale
The U.S. shale industry has had a rough few weeks, with a growing number of reports suggesting that the industry is facing much more financial trouble than many analysts had Continue Reading
BHP Billiton Eyes Sale of U.S. Shale Operations After Months of Investor Pressure
Activist investors scored a victory after BHP Billiton Ltd. BHP 1.26% said it was looking to sell its onshore U.S. oil-and-gas operations . The Melbourne-based company, the world’s largest listed Continue Reading
Gasoline demand from Mexican deregulation may pressure Colonial Pipeline
A recent output disruption at Mexico’s largest refinery may have contributed to Colonial Pipeline’s June decision to cancel some shipping on its gasoline-only Line 1, USGC gasoline market sources have Continue Reading
Canadian oil sands producers: Heady days may not last long
Canadian oil sands producers such as Cenovus and MEG Energy impressed investors in the second quarter as prices of heavy crude rose, but those gains are expected to be short-lived. Continue Reading