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Oil & Gas News

Is this the end of the OPEC deal?
12.04.2019
3 346
Is this the end of the OPEC deal?
Oil prices ran into a brick wall on Thursday, falling more than 1 percent on news that U.S. inventor…
Goldman: oil prices won’t reach $80
11.04.2019
953
Goldman: oil prices won’t reach $80
Oil prices soared in recent days, with Brent rising to its highest point since early November. The t…
UAE oil minister: OPEC won’t repeat last year’s mistakes
11.04.2019
906
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
1 236
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
2 176
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
1 014
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
1 213
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
1 032
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
1 306
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
940
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
888
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
1 179
Oil prices spike on shale slowdown
The collapse of oil prices late last year, along with pressure from shareholders, has led to a slowd…
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