Tag Archives: Oil Price

In this context. the IPO of Aramco becomes even more essential for Prince Mohammed’s diversification plans.

Exxon will now join these fellow supermajors in the Brazilian shelf. partnering with Petrobras on six of the ten licenses it won.

Producers in the U.S. and Canada have made dramatic efforts to cut costs since the collapse of oil prices three years ago.

The world’s top shale play. the Permian. has shown remarkable resilience amid the lower-for-longer oil prices.

Van Beurden said forecasting oil prices in the short term was ".very difficult.". but he still expected gains.

Iran was also treated preferentially in the original negotiations.

Lukoil. a big oil products importer on the European market. would continue working on European projects and would keep its retail net in Turkey.

The North Sea’s problem has always been high production costs.

The global oversupply and competition from US Shale are persistently challenging the oil cartel'.s plans.

Further delays to cuts in government subsidies will not come as a surprise as security officials in the country deal with low level unrest.