Barclays: Oil Prices To Drop This Quarter
The combination of bullish indicators that boosted oil prices last month are unlikely to last, and the price of oil in the third quarter is expected to drop from current Continue Reading
Oil Rises Ahead of OPEC Meeting
Oil futures pushed higher Friday as investors looked ahead to a planned meeting of the Organization of the Petroleum Exporting Countries next week. U.S. crude futures rose 55 cents, or Continue Reading
Iraqi oil wealth not enough for broad economic growth
Moody’s gives Iraq its third-lowest rating, saying political risks and lack of diversity offset is oil wealth. Photo by cherezoff/Shutterstock Aug. 4 (UPI) — Corruption and internal political rifts could Continue Reading
Libya’s Sharara oil field gradually shutting down: engineer
Libya’s Sharara oilfield, which has been producing 270,000 barrels a day (bpd), is gradually shutting down after the closure of a control room in the northern city of Zawiya, an Continue Reading
Iraq Races To Fill The Gap Left By The Saudis
Iraqi oil exports topped 100 million barrels in July, but that’s still lower than the 3.93 million barrels per day rate Baghdad boasted back in May . The latest figures Continue Reading
Iraq gets vote of confidence from IMF, bond markets
After ratifying an amended 2017 budget, Iraq passed a crucial IMF review and raised $1 billion in its first unsecured bond offering since 2006. Iraqi Prime Minister Haider al-Abadi speaking Continue Reading
Niger Delta Legalizes Illicit Oil Refineries
The Nigerian government will make illicit refineries operating in the Niger Delta legal, and will even supply them with crude oil, the presidency announced yesterday. The legalization process will take Continue Reading
Venezuela’s Demise Is A Geopolitical Litmus Test For The U.S.
Is Venezuela’s 2017 transformation symptomatic of the growing global polarization? And does it show how the collapse of globalism is resulting in the re-emergence of a range of governmental forms Continue Reading
Indonesia’s Aug HBA thermal coal price surges 44% on year to $83.97/mt
Indonesia’s Ministry of Energy and Mineral Resources set its August thermal coal reference price, also known as Harga Batubara Acuan or HBA, at a seven-month high of $83.97/mt, up 44% Continue Reading
Seismic events strike shale-rich Oklahoma for second day
The U.S Geological Survey recorded a cluster of tremors early Friday in a part of Oklahoma on a watch list for activity related to shale oil and gas operations. Four Continue Reading