Oil & Gas News

Expect higher oil prices as OPEC clashes with Trump
01.04.2019
529
Expect higher oil prices as OPEC clashes with Trump
The ongoing turf war between U.S. president Donald Trump and OPEC+ where the oil market needs to be…
Big oil is heading offshore
01.04.2019
546
Big oil is heading offshore
Oil companies will this year increase their investments in offshore drilling for the first time afte…
Trump’s order to open arctic waters to oil drilling was unlawful, federal judge finds
31.03.2019
395
Trump’s order to open arctic waters to oil drilling was unlawful, federal judge finds
In a major legal blow to President Trump’s push to expand offshore oil and gas development, a…
US oil output slips in January, hits monthly record in December, new data show
30.03.2019
223
US oil output slips in January, hits monthly record in December, new data show
U.S. oil production slipped in January, but fresh data from the Department of Energy show the nation…
US crude posts its best quarter since 2009, jumping 32 percent year to date
30.03.2019
295
US crude posts its best quarter since 2009, jumping 32 percent year to date
Oil prices rose on Friday, on track for their biggest quarterly rise in a decade, as U.S. sanctions…
New Middle East alliance shakes world powers
29.03.2019
472
New Middle East alliance shakes world powers
A new bloc is emerging in the greater Middle East with the declared objectives of dominating the ent…
Oil price rally will continue into the next two quarters despite dip, experts say
28.03.2019
300
Oil price rally will continue into the next two quarters despite dip, experts say
Oil prices slipped Wednesday morning, interrupting a recent rally with news of sharply increased U.S…
Imperial Oil resumes crude-by-rail shipments amid bottleneck
28.03.2019
258
Imperial Oil resumes crude-by-rail shipments amid bottleneck
As Canadian crude oil struggles with crippling rail bottlenecks, it is of minor comfort that Canada&…
BP's focuses $100 million on reducing emissions
27.03.2019
289
BP's focuses $100 million on reducing emissions
BP has announced that it has established a $100 million fund for projects that will deliver new gree…
Infected U.S. shale oil is being turned away by Asian buyers
27.03.2019
838
Infected U.S. shale oil is being turned away by Asian buyers
The complex web of U.S. pipelines, tanks and export terminals that’s helped make America the w…
Saudis admit they want $70 oil
26.03.2019
382
Saudis admit they want $70 oil
Saudi Arabia has been signaling for weeks that it is and will be doing whatever it takes to rebalanc…
Oil prices fall as markets brace for potential U.S. recession
25.03.2019
623
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…
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