Is $71 as good as it gets for oil bulls this year?
On the surface, things look good for oil producers. Global oil demand is set to grow at its fastest pace in three years and OPEC’s discipline in sticking to output Continue Reading
Saudi crown prince to meet with Trump amid slumping imports, diplomacy shift
Saudi Arabia’s crown prince is scheduled to meet with President Donald Trump on Tuesday, arriving as US imports of Saudi crude have declined to levels not seen in three decades Continue Reading
Aramco Gets Cool Response on IPO From U.S. Investors
In meetings in New York, fund managers push back on valuation Saudi officials were warned shale output may upset IPO plans Saudi Arabia’s willingness to delay the initial public offering Continue Reading
The Truth About Aramco’s $2 Trillion Valuation
Two trillion dollars: this was the price tag Riyadh put on the jewel in its crown, state oil and gas giant Aramco. This is how much the company was worth, Continue Reading
Aramco Gets Cool Response on IPO From U.S. Investors
In meetings in New York, fund managers push back on valuation Saudi officials were warned shale output may upset IPO plans Saudi Arabia’s willingness to delay the initial public offering Continue Reading
Nigerian Petroleum Reforms To Be Signed Into Law
Nigeria’s long-awaited Petroleum Industry Governance Bill (PIGB) will be signed into law by President Muhammadu Buhari towards the end of March, legislators hope, according to Reuters . The OPEC nation Continue Reading
More oil coming from OPEC-member Angola
Production has started in an area that revealed more than 3 billion barrels of oil in place off the coast of Angola, Italian energy company Eni said. Eni and Angolan Continue Reading
Trump Readies Sweeping Tariffs and Investment Restrictions on China
The dust has yet to settle on President Trump’s decision to impose sweeping tariffs on steel and aluminum imports, but the White House is preparing another major trade measure, this Continue Reading
The Oil Crisis That Can’t Be Stopped
Venezuela’s oil production fell by another 52,000 bpd in February from a month earlier, according to OPEC’s secondary sources data. That put Venezuela’s oil output at 1.548 mb/d for February, Continue Reading
Water Scarcity: India’s Silent Crisis
As Cape Town inches towards ‘Zero Hour’ set for July 15, 2018, the real threat of water scarcity is finally hitting millions of people worldwide. For on that day, the Continue Reading