Higher oil prices and increased efficiency have made companies more optimistic that they could spend more on exploration on the Norwegian Continental Shelf (NCS) this year than they did in Continue Reading
French oil and gas company Total SA expects the global natural gas market to grow far faster than that for crude oil over the next two decades thanks to booming Continue Reading
Oil prices fell on Monday as traders factored in an expected 1 million barrels per day (bpd) output increase in the wake of an Organization of the Petroleum Exporting Countries Continue Reading
All eyes will be on how oil markets react this week as they weigh the impact of the OPEC/non-OPEC deal agreed on June 22. The monitoring committee overseeing oil output Continue Reading
A major US driller delivered a message to OPEC last week in Vienna, urging the oil ministers to increase production to prevent a price spike that would damage both groups Continue Reading
The OPEC+ group has decided to increase output by aiming to return compliance back to 100 percent , rather than the “over compliance” the group has posted to date. Although Continue Reading
It felt like opposite day as traders bid up the price of oil last week even as OPEC announced an increase in oil production that should have sent prices downward. Continue Reading
Saudi Arabia has invited Russia to become an observer member of OPEC, Russian energy minister Alexander Novak said Saturday. The move would add the world’s largest oil producer as a Continue Reading
Since its December 2016 oil production-cut deal came into effect, the Organisation of Petroleum Exporting Countries (OPEC) has seen crude oil prices more than double, following the market rebound from Continue Reading
Khalid al-Falih, the Saudi energy minister, before the start of the meeting of the Organization of the Petroleum Exporting Countries on Friday. VIENNA — Saudi Arabia said on Saturday that Continue Reading
