OPEC Guide
Venezuelan output plunges as refining woes aggravate Saudi output 9.92 mil b/d, Iraq 4.46 mil b/d, Iran 3.82 mil b/d Angolan production falls to 18-month low UAE, Iraq, Ecuador see Continue Reading
Saudi Aramco eyes new petrochemical plant in Texas: sources
– Saudi Arabia’s national oil company Saudi Aramco on Saturday is expected to disclose initial steps toward a multibillion-dollar chemical plant in Texas, according to sources familiar with the company’s Continue Reading
Saudi Officials Worried About Oil’s Future
Saudi government officials like talking to the media about oil. They invariably come across as upbeat, confident that the OPEC deal will achieve its goal of shrinking the global oversupply, Continue Reading
Tax Income Earned ISIS Much More Than Oil Smuggling
Contrary to what has been assumed so far, black market oil sales were not the only and not even the largest revenue stream for ISIS, an investigation of The New Continue Reading
Iranian oil projects have good break-evens, analysts say
A data analytics firm expects Iranian crude oil production will increase over the next few years, even as the country faces looming sanctions pressures. File Photo by tcly/Shutterstock April 6 Continue Reading
OMV next in line to tap U.A.E. offshore
Austrian energy company OMV spends $1.5 billion to take a minority stake in oil fields of the coast of the United Arab Emirates. File Photo by tcly/Shutterstock April 6 (UPI) Continue Reading
BP pegs gas strategy to growth in India
British energy company BP says natural gas operations in India, one of the fastest growing economies in the world, is part of a long-term strategy. The British energy company is Continue Reading
BP “Promoted” Oil Spills To Australian Watchdog
BP downplayed the risks of an oil spill in the Great Australian Bight and even suggested that cleanup efforts—in case of such a spill—would be a “welcome boost” to the Continue Reading
Oil Prices Bristle As U.S. Rig Count Climbs
Baker Hughes reported a 10-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 1003, which is Continue Reading
Trump threatens more China tariffs; Beijing ready to hit back
China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the United States follows through on President Donald Trump’s threat Continue Reading