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Oil price
Oil Price
Iraq Sees Oil Prices Recovering In Q2 2021
Currently, the OPEC+ production cuts are delaying oil projects in Iraq.
Oil Price
ConocoPhillips Becomes First Major U.S. Oil Firm To Pledge Emission Cuts
Unlike European oil majors – who have rushed to pledge various commitments to become net-zero energy companies – U.S. companies, including Exxon and Chevron, …
Oil Price
OPEC+ Will Ensure Oil Prices do not Plunge Again, Says OPEC Chief
The OPEC+ alliance will ensure oil prices do not plunge steeply again when it meets to set policy at the end of November, OPEC's Secretary General said on Thurs…
Oil Field
Petronas Considers Exiting Gharraf Oil Field in Iraq
The collapse in oil prices this year has prompted Malaysia's state-owned Petronas to consider exiting the Gharraf oil field in southern Iraq, chief executive Te…
Oil Price
Sudan: Govt To End Fuel Subsidy
The government is preparing for the removal of fuel subsidy, informed the Sudanese Minister of Energy and Mining.
Oil Price
Morgan Stanley Sees Oil Prices Struggling To Break Above $50
Oil prices will struggle to rise above $50 a barrel because of the technological shift in U.S. shale that has unlocked more production in recent years, and beca…
Oil Price
Oil Refining Companies Hit by Triple Whammy
South Korean oil refining companies face a triple whammy.
Market Analysis
Goldman Sachs: Biden Win Is Bullish For Oil
A Joe Biden win at next month’s U.S. elections will likely be an upward catalyst for oil prices because it will increase costs for the shale patch and will lik…
Oil Price
The Next Couple Of Months Are Crucial For U.S. Oil
The U.S. oil industry faces a bumpy road to recovery from the steepest slump in oil demand in history.
Oil&Gas Drilling
Oil Exploration In Norway Slumps By A Third
Oil exploration in the Norwegian continental shelf has slumped by close to a third amid the oil price rout.
Oil Price
Oil Prices Soar As Trump’s Condition Improves
Oil prices skyrocketed on Monday morning as U.S. President Donald Trump’s health appears to have improved after testing positive for the coronavirus on Thursda…
Oil Price
Oil Falls Further After Trump's Positive Test for COVID-19
Oil prices extended losses to more than 3 per cent on Friday after U.S. President Donald Trump said he has tested positive for the coronavirus, while a U.S. sti…
Oil Price
Oil Prices Stuck In Limbo As Uncertainty Mounts
Oil prices are unlikely to move much higher from the current levels in the low $40s, at least not for the rest of the year.
Oil Price
Gulf Nations Are Desperate For Higher Oil Prices
the Gulf economies are in dire straits thanks to their overreliance on oil.
Oil Price
India Topped Its Strategic Petroleum Reserves With $19 A Barrel Oil
India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves with oil at $19 a barrel.
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