Norway’s Petroleum and Energy Minister Terje Søviknes will meet next week with companies and other stakeholders to discuss the potential construction of offshore floating wind farms in Norwegian waters, Søviknes Continue Reading
Middle East OPEC producers and Russia can quickly boost crude production by around 1.5 million b/d to make up for Venezuela’s increasing output loss as well as the potential decline Continue Reading
Oil prices steadied on Friday ahead of an OPEC meeting in Vienna next week as two of the world’s biggest producers, Saudi Arabia and Russia, indicated they were prepared to Continue Reading
Crude oil prices edged slightly higher early Thursday after reports of the loss of Libyan oil production, though the downturn was balanced by OPEC pledges. The National Oil Corp. of Continue Reading
This week the 2018 BP Statistical Review of World Energy was released, which covers energy data through 2017. It is the definitive source for global energy production and consumption figures, Continue Reading
Oil prices are in a holding pattern as we await the outcome of the OPEC+ meeting in a few days, and while the result of that meeting will almost completely Continue Reading
UK supermajor BP doesn’t expect global oil supply shortages in the coming years because of reduced investment, Brian Gilvary, BP’s Group Chief Financial Officer, said on Thursday. “We’re not seeing Continue Reading
The major Libyan oil ports of Ras Lanuf and Es Sider were closed and evacuated on Thursday due to attacks by armed brigades opposed to the powerful eastern commander Khalifa Continue Reading
Only a few years ago, shale CEOs and the Organization of the Petroleum Exporting Countries were in open conflict. Now, they realize they’re in the same boat and need to Continue Reading
Divisions among key OPEC producers run deep, with competing perspectives emerging in statements Thursday on whether or not to increase oil production. U.S. President Donald Trump turned again to Twitter Continue Reading
