Supply and demand now ``show us we are on the right course`` to achieving OPEC’s goal of reducing stockpiles to their five-year average
Read More »Goldman Sachs Warns of Oil Below $40 Without OPEC `Shock and Awe`
OPEC must increase output cuts aimed at shrinking a global glut with little public announcement in order to jolt investors.
Read More »Trump Urges Eastern Europe to Loosen Russia`s Grip with U.S. Gas
Poland’s ambitions go beyond reducing reliance on Russian energy.
Read More »Surge in Libya and Nigeria’s Oil Production Could Provoke Deeper OPEC Cuts
The two African countries. together with resurgent U.S. shale plays. could raise oil production by 1.6 million barrels a day this year.
Read More »Oil Slides as Russia Speaks Out Against Deeper Output Cuts
Deeper cuts could help prices. but the question remains: how many of the parties to the deal could afford deeper production cuts?
Read More »Russia Opposes Any Move to Deepen OPEC Cuts at Talks
Russia plans to host a meeting of some ministers from the Organization of Petroleum Exporting Countries and several non-members in St. Petersburg on July 24.
Read More »Russia`s Novatek Aims Topple Qatar from LNG Top Spot
Qatar and Russia have long been rivals in global gas markets.
Read More »Oil Markets See Heightened Conflict Risk in Saudi Arabian Power Shift
Economic pressure on Saudi Arabia is set to intensify as the state spends at home and abroad.
Read More »Eni Wins Big in Mexico`s Auction of Shallow-Water Prospects
Eni won two of its blocks in partnership with Citla Energy. an independent Mexico explorer. and one with Capricorn Energy. a unit of UK explorer Cairn Energy.
Read More »Germany. Austria Tell U.S. Not to Interfere in EU Energy Sector
The Nord Stream 2 pipeline will have detrimental impacts on the European Union’s energy security.
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