Oil Prices Near $70 On Geopolitical Uncertainty
Oil prices closed out the first quarter on a high note, with Brent hovering around $70 and WTI at $65. Rising geopolitical concerns – declines in Venezuela and fears that Continue Reading
Oil, gas markets close week mixed amid optimism on U.S. production
After an up-and-then-down week, oil and gas markets closed slightly higher Thursday ahead of the Easter holiday weekend. All major U.S. and European stock exchanges and markets were closed Friday Continue Reading
Qatar energy firms to raise foreign share ownership to 49 percent: QP
Foreign investors will be able to hold up to 49 percent of Qatar stock exchange-listed shares in three subsidiaries of Qatar Petroleum (QP) [QATPE.UL] after limits on foreign ownership were Continue Reading
The Sahara Desert is expanding—world’s largest desert grew by 10 percent since 1920
The Sahara Desert has expanded by about 10 percent since 1920, according to a new study by University of Maryland scientists. The research is the first to assess century-scale changes Continue Reading
Saudi Stock Market Prepares New Rules For Aramco Listing
New financial market rules aimed at preventing major price drops in newly listed companies on Saudi Arabia’s Tadawul exchange will be ready by the end of this June, in anticipation Continue Reading
How Tillerson’s Exxon Designed an Oil Deal to Skirt Anticorruption Scrutiny
The drilling rights the company sought in Liberia, however, appeared to be linked to former officials from the West African nation, according to internal Exxon documents reviewed by The Wall Continue Reading
Royal Dutch Shell’s Brazil subsidiary secures four deep-water blocks
Royal Dutch Shell’s Brazilian subsidiary secured four deep-water exploration blocks off the country’s coast, the company announced. Shell Brasil Petroleo said Thursday it will operate in two of the four Continue Reading
World’s Most Indebted Oil Company Makes Major Hedge
In February and March, Brazil’s state-controlled oil firm Petrobras hedged 128 million barrels of its expected 2018 production —equal to around 15 percent of total production—at an average price of Continue Reading
Total Tally For Fukushima Decommission Is $75 Billion
The decommissioning of the Fukushima nuclear power plant will cost an annual US$2 billion (220 billion yen) until 2021, an unnamed source told the Japan Times. Half of the money Continue Reading
Shanghai oil on par with U.S. market as local traders bet on lower prices
Shanghai crude oil futures fell further on Thursday and were at parity with the U.S. market, as state oil majors and local traders piled on more bearish bets amid concerns Continue Reading