As OPEC Compliance Peaks, Can The Drawdowns Continue?
Since it agreed to production cuts, OPEC stated that its mission is to see the oil futures curve flip from contango to backwardation as part of its work to erase Continue Reading
Erdogan Threatens To Cut Off Kurdish Oil Exports
Turkey could cut off the crude oil flow from the northern Iraqi region of Kurdistan, Turkish President Recep Tayyip Erdogan said on Monday, putting further pressure on Kurdistan over what Continue Reading
Iraq, Turkey Threaten Kurdistan’s Oil Boom After Controversial Independence Vote
Iraqi Kurdistan’s independence referendum Monday has returned its renegade oil industry to the spotlight, prompting Turkish President Recep Tayyip Erdoğan to threaten to cut off the region’s petroleum exports and Continue Reading
BP brings shale techniques to Oman to start gas production
British energy company BP said it brought lessons learned from hydraulic fracturing in the United States to start production at a natural gas field in Oman. BP and the Omani Continue Reading
Tass: OPEC might extend production cut deal again
A source close to negotiations over an OPEC-led effort to balance the market with production cuts told Russian media Monday an extension was under review. The Organization of Petroleum Exporting Continue Reading
U.S.-Backed Forces Retake Syrian Conoco Gas Plant From ISIS
U.S.-backed Syrian forces have seized a Conoco gas plant from Islamic State in the oil-rich Deir Ezzor area, depriving the militants from an important revenue source. Kurdish-led Syrian Democratic Forces Continue Reading
Opec has lost its crown as world’s top oil player
It’s happy days for Opec, but once the whoops die down, the group should take a long hard look at itself. Because it has lost its crown as the world’s Continue Reading
Brazil Lets In Big Oil Firms After Keeping Them Out for a Decade
Brazil will on Wednesday begin reversing what industry officials say was a costly and ultimately disastrous decision a decade ago: setting aside billions of barrels from the Western Hemisphere’s largest Continue Reading
What Happens If Trump Trashes The Iran Nuclear Deal?
The U.S. president needs to recertify the agreement every three months, with the latest deadline coming up on October 15. There’s speculation that this time around, President Trump won’t issue Continue Reading
Russia And Saudi Arabia Are Becoming Unlikely Allies
Five years ago, the idea of OPEC and Russia working together on any oil and gas issue would have seemed absurd to any energy analyst worth his or her salt. Continue Reading