Oil Prices Wane After Output Cap Extension
Oil prices fell Monday, as the market appeared to look past OPEC’s agreement late last week to extend its crude production cuts through the end of 2018 . U.S. crude Continue Reading
Gasoline Prices Begin To Fall As Demand Tapers Off
Gasoline prices in the United States are slowly falling after a Thanksgiving high, according to emerging data on the fuel’s price points. But drivers should enjoy the current falling prices—because Continue Reading
LNG is the fuel of choice, maritime shipper says
Two French companies, supermajor Total and maritime shipper CMA CGM, agree on LNG as a fuel source with deliveries slated for 2020. Photo courtesy of Total Dec. 4 (UPI) — Continue Reading
OPEC oil output falls in November to lowest since May
OPEC oil output fell in November by 300,000 barrels per day (bpd) to its lowest since May, a Reuters survey found, pressured by a drop in Angolan and Iraqi exports, Continue Reading
The One Indicator OPEC Must Watch
“We will not let go of our current approach until we reach a balanced market,” Saudi oil minister Khalid al-Falih said Monday at a news conference in Riyadh. OPEC ended Continue Reading
OPEC’s November Output Drops 300,000 Bpd
OPEC’s oil output fell by 300,000 barrels per day in November, giving the bloc its lowest production rate since May, according to a new Reuters survey. Cuts in Angola and Continue Reading
Big Shale Turns OPEC Ally From Foe With Focus on Oil Returns
Don’t expect Big Shale to rush and fill the hole left by OPEC in the oil market. (Bloomberg) — Don’t expect Big Shale to rush and fill the hole left Continue Reading
Saudi Oil Minister Hints At Post OPEC Deal Strategy
OPEC and Russia-led non-OPEC oil producers left any ‘exit strategy’ talk out of their agreement to extend the production cut pact through the end of 2018 last week, and now Continue Reading
What’s Holding Back Saudi Vision 2030?
Nineteen months after Crown Prince Mohammed bin Salman (MBS) originally announced Vision 2030—the privatization of state assets to power an economic restructuring—the deals are slow to actualize. “It’s going to Continue Reading
More oil found in the Kurdish north of Iraq
Though it’s too early to make any estimate on the reserve potential, British energy company Genel said it found more oil in the Kurdish region of Iraq. Genel has a Continue Reading