JP Morgan: Oil Prices Won’t Go Higher Than $70
Oil prices at $70 may be the top of the range in the price of oil that we’re going to see over the next few years, David Kelly, chief global Continue Reading
With escalations in the East, is oil about to jump?
The days of high production versus low demand will be in recess this quarter as tensions grow. Escalating conflict between the various sides of the Syrian Civil War threatens increasing Continue Reading
Syrian risk premium fades from the price of oil
The risk premium for the price of oil from international conflict has faded temporarily as traders look back at accelerations in the U.S. energy market. File Photo by Brian Kersey/UPI Continue Reading
EU Support Grows for New Iran Sanctions
European Union diplomats said there is growing support for imposing new sanctions on Iran as they seek to persuade President Donald Trump to stick by the 2015 nuclear deal between Tehran and Continue Reading
Can The World’s Most Profitable Company Justify Its Valuation?
One of the best kept secrets in oil over the past decades has been how much money Saudi oil giant Aramco has been making from extracting what’s probably the lowest-cost Continue Reading
Kuwait: OPEC May Discuss Extending Oil Cut Deal In June
OPEC and allies will keep the oil production cuts through the end of 2018, and will discuss at their June meeting whether to extend those cuts further, Kuwait’s Oil Minister Continue Reading
West Africa emerging as LNG player
British energy company BP is moving ahead with development of a liquefied natural project off the West African coast with early design work, a contractor said. French services company TechnipFMC Continue Reading
Sudan: Inflation Hits 55.60 Percent in March – Public Transport ‘Almost Unaffordable’
According to Sudan’s Central Bureau of Statistics, the inflation rate in the country in March reached 55.60 percent; up from 54.34 percent in February. Public transport prices nearly doubled last Continue Reading
Under military rule, Venezuela oil workers quit in a stampede
Chauffeured around in a sleek black pick-up, the head of Venezuela’s oil industry, Major General Manuel Quevedo, last month toured a joint venture with U.S. major Chevron. FILE PHOTO: A Continue Reading
Ecuadorians Challenge Chevron Over $9.5B Award In Canadian Court
Ecuadorian farmers and indigenous people will seek to show an Ontario Court of Appeal this week that Chevron Canada is legally liable for a US$9.5-billion award that the Ecuadorians won Continue Reading