Growth in shale production should limit any increases in Saudi oil pricing.
Read More »Rise of Renewables Investments in Gulf States
Saudi Arabia may have some of the most untapped solar potential of any place on Earth.
Read More »Iraqi Oil-Export Ambitions Puts Strain on OPEC Accord
Iraq shipped a record 3.55 MMbopd from Basra. the country’s southern outlet to the Persian Gulf. in January.
Read More »Russian Oil Output Flat as Rosneft and Lukoil Declines Offset by PSAs
Natural gas production was at 65.35 billion cubic meters (bcm) last month. or 2.11 bcm a day. versus 63.5 bcm in December.
Read More »Oil Rises as OPEC Compliance Remains in Place
Goldman Sachs raised its three-month forecast for Brent to $75 from $62 and its six-month forecast to $82.50 from $75.
Read More »Putin: No Need to Be Afraid to Talk about Shipments of Russian Gas to US
Yamal LNG is located in the Russian Arctic.
Read More »Qatar is Paying the Price for Saudi`s Oil Strategy in Asia
Qatar is suffering from the repercussions of Saudi’s sales strategy.
Read More »Iraq Loosens Oil Shackles for Premium Prices
SOMO is expected to announce its March official selling prices for Asia. Europe and U.S.-bound supplies around the 10th of February.
Read More »Kuwait Petroleum Mulls Spending up to $500bn by 2040
National oil firm outlines ambitious growth plans for the next two decades.
Read More »IEA: End of OPEC Production Cuts in June Would Be Surprise
The U.S. will add about 1 million barrels a day of new supply this year.
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