The US Oil Situation
The price of oil is finally rising….it can go significantly higher The US Oil Situation reports from the EIA (US Energy Information Administration) routinely result in sharp shifts in energy Continue Reading
A BP North Sea field to test U.S. policy on Iran
A small gas field on the edge of the British North Sea could become a litmus test for U.S. policy towards Iran. London-based BP this week agreed to sell to Continue Reading
Russia expects to keep oil output flat at 550 million T until 2035: minister
Russia plans to keep its oil production broadly unchanged at around 550 million tonnes per year, or 11 million barrels per day, until 2035, Russian Energy Minister said in an Continue Reading
Flurry Of Bullish News Boosts Oil Prices
Oil prices saw significant gains on Friday following a week of bullish news and though the OPEC meeting is still a week away, analysts are optimistic and the market is Continue Reading
OPEC, Russia Said To Announce Oil Pact Extension On Nov 30
Saudi Arabia and Russia have agreed that OPEC and non-OPEC allies should announce an extension of the cuts at the highly-anticipated meeting in Vienna on November 30, Bloomberg reported on Continue Reading
OPEC Set To Move Fast On Cut Extension Decision
A draft agenda for next week’s meeting of OPEC’s energy ministers suggests the decision to extend the oil production cuts until the end of 2018 is all but made, at Continue Reading
Russia-OPEC Agree on Framework to Extend Oil Cuts
Kremlin said to be willing to announce end-2018 deal on Nov 30 Various options still on the table, says Energy Minister Novak OPEC and Russia have crafted the outline of Continue Reading
Putin Crowns Himself OPEC King
For more than half a century, Saudi Arabia’s oil minister could move markets with a few choice words about what OPEC may decide at its next meeting, generating millions if Continue Reading
Big gas exporter countries blast unilateral sanctions in dig at U.S
Representatives from a group of major energy-exporting nations on Friday said they oppose the use of unilateral sanctions on any of their members – an apparent dig at the United Continue Reading
Turkey Targets $5B Investment In Wind Energy By End-2017
Turkey aims to have $5 billion in wind energy investments by the end of this year, with the awarding of additional wind capacity tenders, the president of the Turkish Wind Continue Reading