Oil majors will spend US$208 billion on offshore drilling and other oilfield services this year, but not all sector players are positioned to benefit from the higher spending, Bloomberg reported Continue Reading
In a bid to boost the liquidity of the Brent international crude oil benchmark, S&P Global Platts plans to reform the way Dated Brent is being assessed as of November Continue Reading
Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the world’s second-largest oil consumer, raising the prospect of a slowdown in Continue Reading
Crude oil futures moved marginally lower during mid-morning trade in Asia Monday continuing its downtrend seen from Friday’s trading session amid the latest comments from Saudi Arabia while awaiting for Continue Reading
As we begin 2019, the energy markets and the stock markets are experiencing incredible volatility. Both underwent steep declines during the latter part of last year, but both are off Continue Reading
Hedge fund managers show signs of having completed their recent sale of crude and refined fuels, with positions edging up slightly in the first week of the new year, amid Continue Reading
As the earth gets hotter, energy demand will increase significantly along with global temperatures. Now a team of researchers in China has determined in a recent study that by the Continue Reading
The release of the World Magnetic Model has been postponed to 30 January due to the ongoing US government shutdown. Something strange is going on at the top of the Continue Reading
Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday the oil market is “on the right track” and will quickly return to balance, but oil producers are willing to do Continue Reading
Saudi Aramco will issue bonds which will probably be in the 10 billion range, Saudi Arabia’s energy minister said on Sunday. Khalid al-Falih, speaking at a conference in Abu Dhabi, Continue Reading
