Oil & Gas News

Oil prices are at risk of spiking as the Venezuelan crisis deepens
17.03.2019
661
Oil prices are at risk of spiking as the Venezuelan crisis deepens
The global oil market is a delicate thing. While roughly 100 million barrels per day (BPD) move arou…
Big oil has finally joined the digital revolution
17.03.2019
587
Big oil has finally joined the digital revolution
Big Tech was only too pleased to help Big Oil, seeing a new revenue stream in an industry long thoug…
Oil demand is beating bearish forecasts and will push prices above $70: Goldman Sachs
16.03.2019
686
Oil demand is beating bearish forecasts and will push prices above $70: Goldman Sachs
The world’s appetite for oil and gasoline is growing faster than many forecasters expected, pu…
Norway plans to expand arctic oil exploration areas
15.03.2019
579
Norway plans to expand arctic oil exploration areas
Norway plans to include a total of 90 new blocks in the so-called APA annual licensing round this ye…
Why Oil & Gas companies can’t snag millennial talent
15.03.2019
652
Why Oil & Gas companies can’t snag millennial talent
The oil and gas sector is facing a stiff competition in attracting young talent in science, technolo…
Oil prices to skyrocket if U.S. shale stalls
14.03.2019
879
Oil prices to skyrocket if U.S. shale stalls
A collapse of production in Venezuela, aggressive production curtailments from OPEC+, relatively str…
Eni makes major oil discovery offshore Angola
14.03.2019
677
Eni makes major oil discovery offshore Angola
Italy’s oil and gas major Eni said on Wednesday that it had made a major oil discovery in Ango…
Russian oil firms ready to cut production
13.03.2019
568
Russian oil firms ready to cut production
At an energy ministry meeting earlier this month, Russia’s oil majors confirmed that they woul…
Oil markets see an explosion of bullish news
13.03.2019
710
Oil markets see an explosion of bullish news
Oil prices jumped to two-week highs on Tuesday morning, rising on the back of severe outages in Vene…
U.S. wants India to stop buying Venezuelan oil
12.03.2019
585
U.S. wants India to stop buying Venezuelan oil
The United States has pressed India to stop buying Venezuelan crude oil as a means of accelerating P…
Venezuela, Iran may be crushed by sanctions, but oil market has not been
12.03.2019
476
Venezuela, Iran may be crushed by sanctions, but oil market has not been
The sanctioning of two OPEC members by the Trump administration has caused some ripples in the oil m…
Oil rises as OPEC output cuts look set to continue while US drilling activity slumps
11.03.2019
570
Oil rises as OPEC output cuts look set to continue while US drilling activity slumps
Oil prices edged up on Monday after Saudi oil minister Khalid al-Falih said an end to OPEC-led suppl…
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