Oil Prices Slip On Bearish EIA Report
The Energy Information Administration reported a crude oil inventory draw of 1.7 million barrels for the first week of 2019, after a 6.9-million-barrel build in the last week of 2018. Continue Reading
Oil rises above $60 after Saudis vow to stabilise market
Brent crude oil rose back above $60 a barrel on Wednesday, extending its recent rebound after Saudi Arabia’s powerful energy minister vowed to “stabilise” the market, though gains were capped Continue Reading
Oil up more than 4 percent on U.S.-China trade talk hopes, OPEC cuts
Oil prices jumped more than 4 percent on Wednesday as the extension of U.S.-China talks raised hopes of easing trade tensions between the two superpowers, while OPEC-led crude output cuts Continue Reading
UAE energy minister says it is an important year for diversifying energy mix
United Arab Emirates Energy Minister Suhail al-Mazrouei said on Twitter on Wednesday that 2019 was an important year for the country as it moves ahead with diversifying its energy mix. Continue Reading
2019: World Economy Is Reaching Growth Limits; Expect Low Oil Prices, Financial Turbulence
Financial markets have been behaving in a very turbulent manner in the last couple of months. The issue, as I see it, is that the world economy is gradually changing Continue Reading
Darkening Outlook For Global Economy Threatens Crude
“The outlook for the global economy in 2019 has darkened.” That conclusion came from a new report from the World Bank, citing a variety of data, including softening international trade Continue Reading
No ‘either-or’: Iraq wants both Siemens and GE for fast-track power boost
Iraq is significantly narrowing the scope of impending deals with two international companies that had been competing for massive, long-term contracts, as the Electricity Ministry sharpens its focus on the Continue Reading
Mexican fuel shortage worries industry as lines grow in capital
Gasoline shortages in Mexico sparked by a government crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the problem persists, while lines at Continue Reading
Gas stations in Mexico run out of gas as government cracks down on fuel theft
One of the world’s biggest oil producers is facing a man-made crisis: Its gas stations are running out of gas. There are mile-long lines at filling stations across central Mexico. Continue Reading
Outlook 2019: Argentina’s Vaca Muerta faces bottlenecks that could slow growth
The Vaca Muerta has attracted $165 billion in investment commitments as companies like Chevron, ExxonMobil and Total bet on the production growth potential of Argentina’s biggest shale play, but bottlenecks Continue Reading