Hail the Return of $100 Crude! Maybe
A slump in new production outside the U.S. shale patch in 2019 could help to send Brent crude briefly back above $100 a barrel next year, according to London-based consultancy Continue Reading
Futures: Oil extends bull run on IMF forecast, weaker US dollar
Crude oil futures rose during late morning trade in Asia Tuesday, on the back of rising optimism with the International Monetary Fund upgrading its 2018 and 2019 global growth forecast. Continue Reading
Oil rises on IMF economic growth outlook, OPEC-Russian supply curbs
Oil prices rose on Tuesday, lifted by healthy economic growth as well as the ongoing supply curtailments by a group of exporters including OPEC and Russia. Brent crude futures LCOc1 Continue Reading
Big Oil Projects Start to Get Off the Ground as Prices Surge
Investment approvals in 2017 more than doubled 2015-2016 count There are still 104 big projects awating approval, Rystad says The global oil industry’s backlog of big drilling projects is starting Continue Reading
Wintershall confirms Libyan oil production restart
German energy company Wintershall said it was able to restart production from a license area in Libya, which the government said was closed illegally. A spokesman for the company said Continue Reading
Kurdish oil production expectations high
Kurdish oil player Gulf Keystone Petroleum said it wants to set up a commercial framework necessary to boost gross production by as much as 70 percent. The company, issuing guidance Continue Reading
Saudis Unmoved By Oil Price Surge
OPEC met over the weekend to monitor the collective production cuts and assess the status of the oil market, and the meeting was shrouded in rumor about the potential cracks Continue Reading
Nigeria: 6 Days After, Whereabouts of Abducted Oil Workers Unknown
SIX days after unknown gunmen abducted five workers of Sahara Energy, an indigenous oil-servicing firm at a border community between Edo and Delta states, the whereabouts of the victims still Continue Reading
China considers tech center for alternative energy vehicles
The Chinese government said Monday it would take a world leadership position in alternative vehicles with the establishment of a new technology center. China is the second-largest economy in the Continue Reading
China Looks To Increase Oil Imports
China may be producing less oil, but it is refining more, fresh statistical data from Beijing has revealed, suggesting that Asia’s biggest oil consumer will continue with its international upstream Continue Reading