Don’t worry about oil price movement yet, Russia says
It’s too early in 2018 to discuss stabilization for oil prices, which are down 2 percent from their peak, but up 3.5 percent so far, a Russian official said. Crude Continue Reading
Oil Futures Pull Back Following Production Gains
Oil pump jacks are seen at dusk in the oil fields surrounding Midland, Texas. Oil futures fell 1% in Asian trading on Friday, extending a late-day selloff in the U.S. Continue Reading
Oil prices fall as U.S. output rise outweighs crude stock falls
Oil prices slid on Friday, putting them on course for the biggest weekly falls since October, as a bounce-back in U.S. production outweighed ongoing declines in crude inventories.Brent crude futures Continue Reading
Peak Oil Demand Is A Slow-Motion Train Wreck
The precise date at which oil demand hits a high point and then enters into decline has been the subject of much debate, and a topic that has attracted a Continue Reading
Global Clean Energy Investments Near All-Time High
Booming Chinese solar installations propelled annual worldwide investments in renewable energy and energy-smart technology 3 percent higher to $333.5 billion last year—the second-highest on record, a Bloomberg New Energy Finance Continue Reading
OPEC Revises Up Non-OPEC Production Estimates For 2018
U.S. shale suppliers are forcing OPEC to revise upward its estimates for supplies originating outside the bloc’s member nations, according to the latest data released by the bloc. Non-OPEC production Continue Reading
OPEC Oil Production Falls In December
The latest OPEC Monthly Oil Market Report is out with production numbers for December 2017. All data is in thousand barrels per day. (Click to enlarge) Total OPEC crude only Continue Reading
OPEC sees more oil supply from rivals, countering its cuts and Venezuelan woes
OPEC raised its forecast for oil supply from non-member countries in 2018 as higher prices encourage U.S. shale drillers to pump more, offsetting an OPEC-led deal to clear a supply Continue Reading
BP Returns to a Northern Iraq Now Free of Islamic State
BP PLC will return to northern Iraq for the first time since Islamic State swept through the region three years ago, potentially heralding a new era of stability in one Continue Reading
BP is back in Kirkuk
A memorandum of understanding promises to re-start BP’s reservoir studies, and could lead to a long-term development deal. Iraqi Oil Minister Jabbar al-Luiebi signs an MoU for BP to study Continue Reading