Here’s How Oil Could Skyrocket By 138%
The market is gradually beginning to give credence to something I’ve been discussing in past OilPrice articles for a long time now. In a June, 2020 article entitled, Underinvestment Could Continue Reading
Big Oil Forced To Change Strategy After The Oil Price Crash
In one of the most challenging quarters for the oil industry in recent memory, the five Big Oil firms wrote down nearly US$50 billion from the value of their oil Continue Reading
Satellite Study Reveals Wide Scale of Melting Ice Shelves in Antarctica
For three decades scientist Peter Doran has collected environmental data in Antarctica. This year he is leading a project that uses aerial sensors to probe beneath the surface of vast Continue Reading
Climate change: Satellites record history of Antarctic melting
Ice shelves can extend under the water for many hundreds of metres Twenty-five years of satellite observations have been used to reconstruct a detailed history of Antarctica’s ice shelves. These Continue Reading
Defiant Erdogan Says Turkey Has Resumed Mediterranean Gas Exploration & Drilling
While over a week ago it was looking as if Turkey might back down on its ambitious oil and gas exploration aims in the eastern Mediterranean amidst global pressure, especially Continue Reading
Aramco Aims To Boost Production Capacity To 13 Million Bpd
While the world is still awash with oil that it cannot quickly get rid of during a time of historic demand crumbling, the world’s largest oil company is looking to Continue Reading
Saudi Aramco: Asian Oil Demand Recovery Almost At Pre-Crisis Levels
The world’s biggest oil-producing and oil-exporting company, state oil giant Saudi Aramco, is optimistic about the pace of oil demand recovery in Asia, chief executive Amin Nasser said on Sunday, Continue Reading
Overflowing Oil Storage Tanks Raise Risk Of Accidents In Libya
Oil tanks full to the brink at Libya’s oil export terminals are posing a risk to local communities and the facilities themselves, the chairman of the National Oil Corporation, Mustafa Continue Reading
SOMO says Iraq’s July oil output steady, misses OPEC+ cuts target
Iraq’s oil output in July, including flows from the semi-autonomous Kurdish region, remained steady compared with June as the country missed its target to comply with OPEC+ cuts and also Continue Reading
Libya’s Waha oil fields repair work almost completed
Libya’s Waha oil fields have had work carried out on them to maintain the production and service facilities after they were offline for more than seven months due to an Continue Reading