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Saudi Arabia’s latest strategy of ‘produce as much as you can’ will hurt spare capacity.
Read More »Analysts See Brent Oil at $80 again
Brent Crude Likely to Trade $70-$80 per Barrel
According to analysts. Iran’s crude oil exports have fallen sharply due to US sanctions.
Read More »UAE Energy Minister Plays Down Impact of US Withdrawal from Iran Deal on OPEC
The UAE Energy Minister says not worried about how sanctions on some member countries are going to affect how OPEC deals with things.
Read More »Total wins Adnoc`s Offshore Concession for Dh5.3b
French Energy Company awarded a 20% stake in the Umm Shaif and Nasr concession. 5% interest in the Lower Zakum concession.
Read More »Crescent Petroleum to Increase Production in Iraq
UAE-based firm plans investment of $1b to boost gas production to 500m cubic feet by 2020
Read More »The Best and Worst Case Scenarios for Oil
Latest outlook does not fixate on any one situation and that’s no help.
Read More »Shale Oil in Focus as OPEC Extends Deal
US crude production set to touch 9.9m bpd this month. well above EIA forecasts.
Read More »World Oil Market may Reach Full Stability in 2018
The Declaration of Corporation’ by Opec and non-Opec participating countries gave hope and stability to the market at a very critical time.
Read More »How to Survive Downturns in the Oil Industry
The heads of BP and Total spoke at Adipec about the need to buck trends and invest in tough times.
Read More »India`s ONGC Seeking Oil Assets in Several Countries
Iran has modified its petroleum contract model. ending a decades old buy-back system that barred foreign firms from booking reserves or taking equity stakes.
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