Columbia University said earlier this year that Venezuela, a traditionally major player in oil markets, is poised to export much less oil next year due
Category: Energy
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 fields that the companies are developing.
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 on the path to rebalancing despite
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 indefinite and the union leaders consider
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 will likely accelerate in the second
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 oil oversupply had dragged revenue and
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 the second quarter of this year.
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 refiners is being heated by the
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 cartel says that the world’s demand
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 sale plan in the wake of