OPEC Moves Another Crucial Oil Market Metric
The OPEC agreement is starting to move the needle on one stubborn metric that had remained depressed since the market downturn began more than three years ago: investment in new Continue Reading
Oilfield Services Bounce Back On Oil Rally
The oilfield services industry was hit hard by the 2014 oil price crash after exploration and production companies reduced investments and drilling during the downturn. The ripple effect on the Continue Reading
Oil Markets Relieved After EIA Reports Crude Inventory Draw
A day after the American Petroleum Institute surprised the market with a substantial inventory build, the Energy Information Administration dispelled doubts about the balance between supply and demand by reporting Continue Reading
Big Oil Flush With Cash Again, But No Party Yet
The world’s top oil companies are expected to generate more cash in 2018 than at any other time this decade, but it isn’t party time yet. LONDON, Jan 24 (Reuters) Continue Reading
Sharp Rise in Oil, Gas Industry Confidence in 2018
There has been a sharp rise in industry confidence in 2018, according to a new study by DNV GL, a technical advisor to the oil and gas sector. DNV GL’s Continue Reading
Aramco seeks to expand in U.S., says Trump is pro-oil
Saudi oil giant Aramco is looking to expand in the United States where President Donald Trump’s tax cuts and support for the oil industry are making business increasingly attractive, its Continue Reading
Saudi Arabia’s energy minister says IEA overhyped US shale boom
Saudi Arabia’s energy minister took a rare sideways swipe at the International Energy Agency on Wednesday, accusing the body of overhyping the impact of US shale growth on the oil Continue Reading
Is This The World’s Most Critical Pipeline?
The Southern Gas Corridor, connecting Azerbaijan to the world’s largest economic block, is one of the most important infrastructure pipeline projects worldwide, bringing Caspian gas into Europe. Europe wants to Continue Reading
Saudi Aramco To Expand Business In The U.S. After Tax Bill
“We are looking at new business opportunities in the U.S. and with the tax cuts it will make it much more profitable … It is part of our strategy to Continue Reading
Saudi Arabia May Link Aramco Revenue Royalty To Oil Prices
Saudi Arabia may link the royalty on oil revenue that Aramco currently pays to oil prices, the state oil giant’s chief executive Amin Nasser told Bloomberg in an interview at Continue Reading