Oil Price Outlook December 2017
This assessment is based on the data in the 2017 BP Statistical Review of World Energy available here. As such it uses that review’s definition of oil which is crude Continue Reading
Analysts Raise 2018 Oil Price Forecasts
Oil and gas analysts at investment banking firm Jefferies raise their 2018 Brent Crude and WTI oil price forecasts. Oil and gas analysts at investment banking firm Jefferies have raised Continue Reading
How Low Oil Prices Have Decimated The Saudi Economy
Back when oil was at $100 and above, the Saudi economy was firing on all cylinders, and nobody even dreamed that the crown jewel of Saudi Arabia – Aramco – Continue Reading
Giant gas field startup could transform Egypt
The Egyptian energy sector will be transformed now that production started at the Zohr gas field, one of the biggest in the world, Italy’s Eni said Wednesday. Production started at Continue Reading
Tables Turned: Saudi Arabia Hunts for Oil Assets in the U.S.
Saudi Arabia’s energy Minister Khalid al-Falih speaks at an oil-and-gas conference in Basra, Iraq, on Dec. 4. Saudi Arabia is hunting for an energy deal in American shale country, as Continue Reading
Zohr Begins Production
Eni SpA announces the production start up of Zohr, the largest ever discovery of gas in the Mediterranean Sea. Eni SpA announced Wednesday the production start up of Zohr, the Continue Reading
Iraq oil ministry starts taking over Majnoon oilfield operations
Iraq’s oil ministry said on Thursday it had started to take over operations of Majnoon oilfield from Royal Dutch Shell and planned to lift output in future. The ministry said Continue Reading
Venezuela’s Brutal Crime Crackdown: Executions, Machetes and 8,292 Dead
“We think they were alive a good while as they died from asphyxia,” said Zair Mundaray, a veteran prosecutor who led the exhumation and investigation that pieced together how the Continue Reading
Exclusive: PDVSA in talks with Trafigura to swap over 10 pct of crude output – documents
Venezuela’s PDVSA and international trading company Trafigura are in discussions to swap over 10 percent of the South American country’s crude output for imported fuels for domestic use, according to Continue Reading
BP and Kosmos partner on five Ivory Coast offshore oil blocks
Ivory Coast has awarded partners BP and Kosmos Energy five new offshore oil blocks under an agreement with state oil company Petroci, government spokesman Bruno Kone said on Wednesday. Petroci Continue Reading