Moody’s: The Shale Band Is Back, And Here To Stay
Oil prices will remain volatile this year but within range, Moody’s said in its annual report on the oil and gas industry. The top factor to watch in 2019 would Continue Reading
OPEC sends fewest oil cargoes to United States in at least five years
OPEC crude cargoes leaving for the United States in December dropped to the lowest level in at least five years, data from Refinitiv Eikon and market intelligence firm Kpler show. Continue Reading
2019 Could Make Or Break OPEC
When OPEC+ agreed to begin cutting crude oil production again in December, hardly anyone in the cartel thought the effect of the news on prices would be as lackluster as Continue Reading
Retamco pulls out of Argentinian shale project after failing to obtain financing
Retamco Operating has pulled out of a license in the Vaca Muerta after failing to come up with the financing to develop a block in the Argentinian shale play, a Continue Reading
OPEC Oil Exports To The U.S. Fall To Five-Year Low
The United States received in December the lowest volume of OPEC-derived crude oil in five years, according to market intelligence firm Kpler and data from Refinitive Eikon, cited by Reuters Continue Reading
Trade War Could Persist Unless China Caves
Markets have been anticipating more trade talks this year between Washington and Beijing. However, it appears that the U.S. could be preparing to ask for even more from China before Continue Reading
Chinese Consumers Tighten Their Belts and the World Feels the Squeeze
No longer just a manufacturer for the world, China has become the largest market for many consumer, luxury and durable goods, as an expanding middle class flexes its spending power. Continue Reading
Eni becomes operator of second Alaskan field in production
Italy’s Eni said Thursday it will buy the rights of all of the Oooguruk oil field in shallow waters offshore Alaska and become its operator because its proximity to the Continue Reading
The World’s Most Productive Oil Field
Many people will tell you that the production rate of Saudi Arabia’s Ghawar oil field, which has yielded 5 million barrels of petroleum per day for decades, will never be Continue Reading
Alaska gives Chinese more time to consider LNG deal
— Negotiations began in November 2017 Trade tensions between US and China adding complications Alaska has extended a deadline for Chinese companies to agree on LNG purchases and financing for Continue Reading