Oil & Gas News

UAE oil minister: OPEC won’t repeat last year’s mistakes
11.04.2019
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UAE oil minister: OPEC won’t repeat last year’s mistakes
OPEC and its allies in the production cut deal are committed to rebalancing the market and will not…
Trump to sign executive orders meant to free up oil and gas pipeline development
10.04.2019
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Trump to sign executive orders meant to free up oil and gas pipeline development
The Trump administration on Wednesday will announce two executive orders aimed at freeing up more pi…
Saudis threaten ‘Nuclear option’ to kill petrodollar
08.04.2019
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Saudis threaten ‘Nuclear option’ to kill petrodollar
Saudi Arabia threatened to use the “nuclear option” of undermining the petro-dollar if t…
Oil markets will see ‘much more upside than downside,’ Citi strategist says
08.04.2019
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Oil markets will see ‘much more upside than downside,’ Citi strategist says
Edward Morse, the global head of commodities research at Citi Group, gave a bullish outlook for glob…
Why oil prices rallied 30% this year
07.04.2019
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Why oil prices rallied 30% this year
Oil prices gained around 30 percent in the first quarter this year, with both WTI and Brent posting…
New U.S. sanctions seek to block Venezuelan oil shipments to Cuba
06.04.2019
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New U.S. sanctions seek to block Venezuelan oil shipments to Cuba
The Trump administration announced on Friday its latest round of economic sanctions against the gove…
Key OPEC oil producer Libya is on the brink of war as general orders forces into Tripoli
05.04.2019
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Key OPEC oil producer Libya is on the brink of war as general orders forces into Tripoli
Libya's eastern military leader has ordered his forces to march on Tripoli, sparking concerns th…
South Korea to replace Iranian condensate with U.S. superlight oil
05.04.2019
873
South Korea to replace Iranian condensate with U.S. superlight oil
Two South Korean refiners have bought an unspecified amount of U.S. superlight to test it as a poten…
Oil rally slows on surprise crude build
03.04.2019
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Oil rally slows on surprise crude build
The American Petroleum Institute (API) reported a build in crude oil inventory of 3.0 million barrel…
Oil prices spike on shale slowdown
02.04.2019
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Oil prices spike on shale slowdown
The collapse of oil prices late last year, along with pressure from shareholders, has led to a slowd…
Expect higher oil prices as OPEC clashes with Trump
01.04.2019
1 127
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
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Big oil is heading offshore
Oil companies will this year increase their investments in offshore drilling for the first time afte…
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