Short-Term Energy Outlook
Forecast Highlights Global Liquid Fuels Brent crude oil spot prices averaged $77 per barrel (b) in May, an increase of $5/b from the April level and the highest monthly average Continue Reading
Is This The Most Contentious OPEC Meeting Yet?
Both Saudi Arabia and Russia recently increased their oil production levels, an indication that they are getting a head start on higher output even as possible changes to the OPEC/non-OPEC Continue Reading
Did OPEC Need To Cut Oil Output At All?
“A lot of people are concerned about higher oil prices and their impact on demand. The evidence really isn’t there,” he added, making a strong case for oil bulls if Continue Reading
OPEC May Oil Production
All OPEC data below is from the OPEC Monthly Oil Market Report . All OPEC data is in thousand barrels per day and is through May 2018. OPEC 14 Crude Continue Reading
OPEC cautious on oil outlook despite end of global glut
OPEC said the oil market outlook in the second half of 2018 is highly uncertain even though the producer group’s figures show a global glut has ended, suggesting talks next Continue Reading
Exclusive: Saudi Aramco eyes partnerships as it expands refining, petrochems
Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen Continue Reading
Saudi Arabia Drives Rise in OPEC Oil Output
OPEC pumped more oil last month driven by higher output from Saudi Arabia , the cartel’s de facto leader, which has for more than a year led a coalition of Continue Reading
Saudi Aramco Looks To Double Refining Capacity
Saudi oil giant Aramco will be heavily investing in increasing its refining capacity and chemicals business in pursuit of securing more downstream markets for its crude oil, Aramco’s Senior vice Continue Reading
Nigeria: Malabu Scandal – How Etete Bought Luxury Dubai Properties With Funds
A leak of private property data in Dubai has shed new light on how the proceeds of a notorious $1.3 billion oil deal involving Shell may have been spent on Continue Reading
Data confirms Cuban oil prospects
New data taken from an oil reservoir on the northern coast of Cuba confirm the assessment of a highly prospective site, Australia’s Melbana Energy announced. Melbana, which changed its name Continue Reading