NatGas Prices Aren’t Going Anywhere Fast
With the recent crude oil rally that brought WTI to a five-month high, it’s only fitting to have a look at what’s happening with natural gas. By the looks of Continue Reading
US Shale, End Of OPEC Cuts Could Stifle Oil Prices In 2018
Although current supply and demand fundamentals point to a possible rise in oil prices by the end of 2017, next year’s supply will likely outgrow demand and depress oil prices Continue Reading
Share value for giant Israeli gas field revised higher
The value present in the Leviathan gas field off the coast of Israel was revised higher for one of the drilling partners, an independent review found. Delek Drilling, an Israeli Continue Reading
Saudi reverse on women drivers propelled by economics
Over the years Saudi officials became so accustomed to being asked by foreign dignitaries and journalists when women would be allowed to drive that they developed increasingly tortuous excuses. They Continue Reading
Kurds Back Independence by 92% in Referendum; Iraq May Send Troops
Iraq’s Parliament asked the country’s prime minister on Wednesday to deploy troops to a disputed area held by Kurdish forces, its latest retaliation against a referendum in which the autonomous Continue Reading
Saudi Arabia’s Mega Bond Sale Sets Clock Ticking on Change
Saudi Arabia has set out an extraordinarily ambitious plan to transform its economy and reduce its huge reliance on oil. Saudi Arabia has been forced by the collapse of oil Continue Reading
Baghdad digs in against KRG referendum
Lawmakers in Baghdad issued a 13-point directive Wednesday calling on Prime Minister Haidar al-Abadi to impose federal authority over ports of entry and disputed territory controlled by the autonomous Kurdistan Continue Reading
Uganda plans to join OPEC after first oil fields flow in 2020: minister
Uganda will seek to join OPEC once the East African nation starts pumping crude out from Lake Albert oil fields along the western border with the Democratic Republic of Congo Continue Reading
Oil Analysts Baffled As Venezuela Ditches Petrodollar
At the end of August, the U.S. stepped up sanctions on Venezuela, prohibiting dealings in new debt or equity issued by state oil firm Petroleos de Venezuela SA (PDVSA) or Continue Reading
China’s Crude Oil, Product Inventories Drop
Chinese crude oil inventories declined by 3.42 percent in August over July, to stand at 29.79 million tons, official Xinhua News Agency reports, in a sign that oil demand growth Continue Reading