Iraq Revamps Investment Deals to Boost Oil Output
Iraq has finalized deals with BP, Shell and Lukoil to provide a new impetus to stalled investments in oil …
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OPEC Sees Oil Market Rebalancing
Mohammad bin Saleh al-Sada, Qatar’s Minister of Energy and Industry, said yesterday (8 August) that the oil market was …
South African Refineries Operational Despite the Indefinite Strike
Production at South Africa’s oil refineries has been uninterrupted despite the ongoing strike by workers. Although the strike is …
M&A Activity in the US Oil Industry on Rise
PricewaterhouseCoopers, a multinational professional services network, has said that deal-making activity regarding merges and acquisitions (M&A) in the US energy industry …
Britain’s BP Likely to Cut its Investment Budget
Britain’s oil giant BP has published its second-quarter profits revealing that they plummeted by 45 percent as the global …
Saudi Arabia Again China’s Number One Crude Exporter
Saudi Arabia has regained its position of China’s number one oil supplier after having been defeated by Russia in …
Iran Sends its First Oil to China’s Teapots
According to trade sources, the battle among oil suppliers to satisfy the rising demand for imports from China’s independent …
OPEC Updates 2017 Oil Forecasts After Brexit
OPEC has recently updated its 2017 outlook for the oil market, taking into account possible consequences of Brexit. The …
Market Report: Shell’s Sale Plan to Be Delayed Due to Brexit
Royal Dutch Shell’s CEO, Ben van Beurden, informed investors that the European Union could slow its $30 billion asset …
Militants Attacks Nigeria’s Oil Pipelines
Nigerian oil pipelines in the southern Niger Delta energy hub, which belonged to Italy’s Eni and Aiteo, were blown …