The Biggest Threat To Oil Market Stability
The oil market should be mostly balanced this year, although “policy risk” will be a much larger driver for oil prices than the underlying fundamentals, according to a new report Continue Reading
Is a key ingredient humans need to live about to run short?
Phosphorus is essential for all living organisms. So, it’s not surprising that humans get their phosphorus from other living organisms, mostly plants, that have absorbed phosphorus from the soil. The Continue Reading
East Libyan forces say they have full control of El Sharara oilfield
Eastern Libyan military forces have full control of Libya’s biggest oilfield, El Sharara, a spokesman said, in a challenge to the internationally recognized government in Tripoli. There was no immediate Continue Reading
Government-Backed Forces Reach Libya’s Sharara Field
Forces from the Petroleum Facilities Guard sent by the UN-recognized government of Libya have reached the Sharara field, which the Libyan National Army, affiliated with the rival government in Eastern Continue Reading
Saudi Arabia goes on the hunt for global oil and gas
Saudi Arabia plans to develop an international energy exploration and production business for the first time, doubling down on oil and gas even as the kingdom seeks to curb its Continue Reading
IMF: Saudi Arabia Needs $80-85 Oil Price To Balance 2019 Budget
OPEC’s biggest producer Saudi Arabia would need oil prices at US$80-85 per barrel in order to balance its 2019 budget, Jihad Azour, Director of the Middle East and Central Asia Continue Reading
Venezuela’s Maduro seeks OPEC help against U.S. sanctions
Venezuela’s Nicolas Maduro has sought OPEC support against U.S. sanctions imposed on his country’s oil industry, citing their impact on oil prices and potential risks for other members of the Continue Reading
Total CEO thinks company can stay in Venezuela despite sanctions
Total CEO Patrick Pouyanne said on Monday he believed the French oil major could stay in Venezuela despite U.S. sanctions, but that his company would evaluate the situation. “First, we Continue Reading
Venezuela’s Oil Production Could Fall Below 700,000 Bpd Next Year
Venezuela’s oil industry has been in a tailspin in recent years, with the country’s crude oil production falling from 2.4 million barrels per day (bpd) in 2015 to only 1.34 Continue Reading
PDVSA Directs Oil Buyers To Russian Bank Account
Venezuela’s troubled state oil company PDVSA is telling the buyers of oil produced by its joint ventures to deposit the money for purchases in a new bank account recently opened Continue Reading