Oil & Gas News

Infected U.S. shale oil is being turned away by Asian buyers
27.03.2019
808
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
353
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
595
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
212
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
546
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
268
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
316
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
300
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
631
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
321
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
176
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
154
Shearwater awarded acquisition and processing contract in Turkey
GC Rieber Shipping ASA's 20% owned geoservices company Shearwater GeoServices ("Shearwater&…
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