Not All OPEC Members Benefit Equally From Higher Oil Prices
OPEC’s efforts to erase the oil glut and lift oil prices paid off as the cartel reaped higher revenues from crude oil exports in 2017, but the spoils were unevenly Continue Reading
OPEC meeting ‘might be one of the worst since 2011’ amid differences over supply
The forthcoming meeting between OPEC and non-OPEC oil producers, including Russia, could be one of the most fractious in recent years with competing interests and demands at play, according to Continue Reading
OPEC data offer glimpse at GDP impact of production cuts
Angola, Libya, and Iran led the pack among OPEC members when comparing GDP figures from before and after the group’s production agreement, data show. Economists at the Organization of Petroleum Continue Reading
Trump reportedly requested Saudi oil support before Iran nuclear decision
A day before U.S. President Donald Trump withdrew from the Iran nuclear deal, one of his senior officials phoned Saudi Arabia to ask the world’s largest oil exporter to help Continue Reading
Trump requested Saudi oil support before Iran nuclear decision – sources
A day before U.S. President Donald Trump withdrew from the Iran nuclear deal, one of his senior officials phoned Saudi Arabia to ask the world’s largest oil exporter to help Continue Reading
Kuwait exposed to risk from volatile oil prices
Kuwait faces credit risks because national policies are behind the curve when it comes to supporting non-hydrocarbon growth, Moody’s Investors Service found. Early this year, Fitch Ratings found Kuwait’s credit Continue Reading
Iranian Oil Production Could Be About To Plunge
The European Union has vowed to maintain the Iran nuclear deal despite the U.S. decision to exit, and Brussels has pushed back against Washington’s attempts to penalize European companies from Continue Reading
Nigeria: Govt Fails to Review Oil Contract Despite $21 Billion Loss
The Federal Government has remained docile over the need to review the Production Sharing Contract (PSC) signed about 25 years ago between the Nigerian National Petroleum Corporation (NNPC) and International Continue Reading
Nigeria: How Sustainability of ‘7Big Wins’ Will Improve Oil Production
Attack on oil and gas facilities in the oil-producing region of Niger-Delta remains one of the biggest challenges for government and investors in Nigeria’s energy sector. It also creates health Continue Reading
Venezuela struggles with huge oil export backlog
Venezuela is nearly a month behind delivering crude to customers from its main oil export terminals, according to shipping data, as chronic delays and production declines could breach state-run PDVSA’s Continue Reading