Does OPEC Need An Exit Strategy?
One of the crucial details that OPEC omitted when it rolled over its production cuts for another year was how the group plans on winding down the agreement. When pressed Continue Reading
OPEC expects to stick to cuts in second half of 2018: Saudi minister
Saudi Arabia’s Energy Minister Khalid al-Falih said on Monday oil producers might start discussing in June when to raise output once the market outlook was clearer, even though OPEC was Continue Reading
Oil demand: Beware the gap
Forget a peak – falling production from existing fields should be the market’s immediate focus Peak oil demand has swiftly moved from concept to potential to symbolic talisman— and it Continue Reading
US tight oil: Too light, too sweet
International buyers’ appetite may start to wane in 2018 US light tight oil output is transforming world oil markets. After falling during the 2015 oil price crash, total American production Continue Reading
Britain’s Genel finds oil bearing reservoirs in north end of Taq Taq field
(Reuters) – Genel Energy Plc said on Monday that one of its wells, drilled to appraise the northern end of its Taq Taq oilfield in Kurdistan region of Iraq, encountered Continue Reading
Exxon eyes Egypt’s offshore oil and gas
Exxon Mobil ( XOM.N ) is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry Continue Reading
The Man Behind The Oil Price Rally
The OPEC meeting is over and the cartel has extended production cuts throughout 2018. The decision is obviously crucial to supporting oil prices, but perhaps an even bigger story is Continue Reading
Iran’s Elaborate Sanction-Skirting Scheme
Turkish authorities and banks cooperated with Tehran in the development of a scheme aimed at providing Iran with international markets for its gas in exchange for hard currency that was Continue Reading
Venezuela to Create a Cryptocurrency Amid Bolivar’s Free Fall
Maduro says cryptocurrency to be known as the ‘petrocurrency’ To be backed by reserves in oil, natural gas, gold, diamonds Venezuela’s currency is in free fall. Cryptocurrencies such as bitcoin Continue Reading
U.S. regulator raises concerns about weights on energy pipelines
A U.S. regulator’s preliminary investigation into the biggest oil pipeline spill this year has raised a red flag that could trigger an extensive and costly inspection of tens of thousands Continue Reading