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Oil & Gas News

Oil prices fall as markets brace for potential U.S. recession
25.03.2019
185
Oil prices fall as markets brace for potential U.S. recession
Oil prices dropped on Monday as concerns of a sharp economic slowdown outweighed supply disruptions…
OMV turns Austrian Airlines plastic cups into synthetic crude oil
24.03.2019
39
OMV turns Austrian Airlines plastic cups into synthetic crude oil
Amid growing global concern about the overuse of plastic, Austria’s oil and gas group OMV and…
US drops 10 oil, gas rigs
23.03.2019
339
US drops 10 oil, gas rigs
The U.S. dropped 10 oil and gas rigs this week, according to weekly data compiled by Baker Hughes, a…
Cuba would need to spend $2 billion a year for oil if Venezuela stops deliveries
23.03.2019
117
Cuba would need to spend $2 billion a year for oil if Venezuela stops deliveries
Cuba would have to spend nearly $2 billion a year to meet its domestic oil needs if Venezuela’…
Oil price forecast: frothy with high likelihood of Trump tweet storm
22.03.2019
179
Oil price forecast: frothy with high likelihood of Trump tweet storm
The cost of Brent crude oil is now higher than it was at the same time last year. The international…
Morgan Stanley: oil to rise to $75 this summer
21.03.2019
162
Morgan Stanley: oil to rise to $75 this summer
Brent Crude prices could reach $75 a barrel in the third quarter this year as the oil market will li…
Oil tops $60 for first time since November after US crude stockpiles plunge
20.03.2019
442
Oil tops $60 for first time since November after US crude stockpiles plunge
U.S. crude oil surged higher on Wednesday, topping $60 a barrel for the first time in about four mon…
Second surprise crude oil draw sends prices higher
20.03.2019
177
Second surprise crude oil draw sends prices higher
The American Petroleum Institute (API) reported a surprise draw in crude oil inventory of 2.133 mill…
Ukraine announces second, third licensing rounds
20.03.2019
47
Ukraine announces second, third licensing rounds
Ukraine outlined terms for its second and third licensing rounds. Bidding will be done using an onli…
Shearwater awarded acquisition and processing contract in Turkey
19.03.2019
43
Shearwater awarded acquisition and processing contract in Turkey
GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices ("Shearwater&…
Aker BP completes successful exploration well on Froskelår in Alvheim area
19.03.2019
53
Aker BP completes successful exploration well on Froskelår in Alvheim area
Aker BP has successfully completed the Froskelår Main exploration well in licence 869 in the A…
OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June
19.03.2019
80
OPEC cancels April meeting, leaving price-boosting oil output cuts in place through June
OPEC and other major oil producers on Monday canceled a meeting planned for April, leaving the allia…