OPEC Offers Olive Branch To U.S. Shale
Anybody who is anybody in the world of oil is gathering in Houston this week for the IHS CERAWeek Conference, an annual get-together of top industry analysts, executives and government Continue Reading
OPEC and Resilient Shale Companies Learning to Coexist
U.S. shale producers won’t quit pumping oil, and OPEC is learning to deal with that. That’s the message emerging from this year’s CERAWeek energy conference, where the mood as thousands Continue Reading
Shale Helped Offset Some Global Declines in Oil Production, OPEC Leader Says
Without the U.S. shale revolution, the global economy probably would have been mired in deep crisis, said Mohammad Barkindo, secretary-general of the Organization of the Petroleum Exporting Countries, on Tuesday. Continue Reading
Oil Majors To Boost Production As IEA Warns Of Supply Deficit
Oil prices traded sideways in a quiet market as traders digest the news coming from Houston where the world’s opinion leaders in oil & gas have gathered for this year’s Continue Reading
IEA warns of potential shortage of global oil supplies in 3 years
The recent drop in oil industry investment brought on by weak prices threatens to significantly slow supply growth in the long term, and could lead to a shortage when it Continue Reading
IEA: Huge Oil Price Spike Inevitable
Three years of drastic cuts to upstream spending because of the meltdown in oil prices could result in a shortage of oil supply in a few years, according to a Continue Reading
Oil output cuts past June must include non-OPEC members: OPEC Secretary General
OPEC Secretary General Mohammad Barkindo listens during a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, 2016. REUTERS/Heinz-Peter Bader/File Continue Reading
Oil to Hit $40 If OPEC Fails to Expand Cuts, Pioneer Says
Oil prices will tumble to $40 a barrel if OPEC doesn’t extend its pact later this year to cut output, according to one of the most prominent producers in the Continue Reading
Opec reverses its hedge fund condemnation
Opec once decried hedge funds as a malign influence on the oil market. Now it is seeking their opinion. Mohammad Barkindo, secretary-general of the oil exporters’ cartel, said on Tuesday Continue Reading
Saudi Energy Minister Says OPEC Will Remain Stabilizing Force for Oil Prices
Saudi Arabia’s energy minister said Tuesday that the Organization of the Petroleum Exporting Countries will continue to be the world’s “only catalyst” for stabilizing oil prices, but he warned that Continue Reading