More oil and gas uncovered offshore Norway
A Norwegian regulator confirmed two separate oil and gas discoveries on Monday, the largest of which could contain at least 35 million barrels of oil. Apart from Russia, Norway is Continue Reading
Can The U.S. Break Russia’s Gas Monopoly In Europe?
In a statement that is sure to provoke Russian backlash, while also sending a strong message to both Moscow and European energy markets, Department of Energy (DOE) Secretary Rick Perry Continue Reading
UK North Sea Oil Production Set To Resume Decline In 2019
UK North Sea’s oil production is expected to revert to a decline again next year, after a brief period of growth since 2015, according to consultants at Bernstein. Since peaking Continue Reading
Oil prices fall as U.S. trade dispute with China looms
Oil prices reversed earlier gains on Monday as concerns of a looming trade dispute between the United States and China weighed on global markets. The possibility of a full-blown trade Continue Reading
The Truth Behind Oil’s Recent Price Spike
As I’m writing this, the West Texas Intermediate (WTI) has surged almost 3 percent for the day, over 5 percent since the close on Monday, and is up 6.5 percent Continue Reading
$70 Oil Could Spark An Offshore Oil Boom
Geopolitical risk bearing down on global oil markets is increasingly taking hold and weighing on oil prices as Saudi Arabia and Iran jockey for influence and position in the Middle Continue Reading
Qatar proposes Russian companies develop gas fields in 2019-2020: RIA
Qatar has proposed that Russian companies take part in tenders for the further development of gas fields in 2019-2020, RIA news agency cited the Qatari envoy to Russia Fahad bin Continue Reading
Yemen’s Houthi rebels fire missiles toward Saudi cities, 1 dead
A rebel group in Yemen said it fired a volley of ballistic missiles toward cities in Saudi Arabia late Sunday, including the capital, Riyadh, where at least one person was Continue Reading
Nigeria: Boroh – Ijaw Leaders Give Avengers, Others 4 Days to Withdraw Ultimatum to Govt
Leaders of Niger Delta, yesterday, gave members of Reformed Niger Delta Avengers, RNDA, and other militant groups in the region a four-day ultimatum to withdraw their 30-day ultimatum issued to Continue Reading
China steps up effort to avert US trade war
Chinese officials are rushing to finalize new regulations by May that will allow foreign financial groups to take majority stakes in securities companies as they seek to avert a looming trade Continue Reading