The big three oil producers in China were expected to spend $77 billion on oil developments this year.
Read More »OPEC’s Failure to Deepen Oil Cuts may Drive Oil Price to $40
The challenge for OPEC+ is the strong supply growth elsewhere in the world.
Read More »Saudi Arabia Wants OPEC+ to Deepen Oil Cuts Due to Aramco IPO
The IPO will be priced on Dec. 5. the same day OPEC meets in Vienna. The OPEC+ grouping holds talks on Dec. 6.
Read More »Exxon to Sell $25B of Oil and Gas Fields in Europe. Asia and Africa
Exxon'.s shares heavily underperformed relative to other Oil Majors over the past five years.
Read More »Saudi Oil Supply Crisis. A Boon to Brazil
Brazil’s oil production is set to grow in the near term.
Read More »Aberdeen Harbour Hails Surge of Imports Thanks to Rising Oil Price
Aberdeen Harbour has hailed a burst of new activity thanks to the rising oil price.
Read More »Oil in the Sino-American Trade War
A slowdown of the global economy is dampening oil demand.
Read More »Experts Warn about Risks of Oil Price Plunge in 2020
The expert expects the Persian Gulf tensions to persist within a year and a half.
Read More »Russia Competes with Saudi Arabia for Asia`s Oil Market Share
For Russia. the ongoing OPEC+ production cap deal allows it a lot more flexibility that it allows Saudi Arabia.
Read More »Tanker Battles Fail to Move Oil Prices
Shipping insurance has climbed following multiple rounds of seizures and tanker attacks earlier this year.
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