Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil market is under pressure.
Read More »Iran Sets Output Cuts Precondition for OPEC Emergency Meeting
OPEC. Russia Move Closer to an Early Meeting
The group unveiled a new set of supply curbs just over a month ago.
Read More »2019 Oil Market Hotbeds
It is not popular for a pro-OPEC oil analyst to start analyzing the market focusing on demand side.
Read More »As Shale Investors Fade. EnCap Taps $6 Billion War Chest to Keep Drilling
EnCap Investments LP plans to use a $6 billion war chest to drill oil and natural gas wells. now that dwindling investor interest has made it tougher for private equity players to offload shale assets.
Read More »Oil Prices Expected to Remain in $61-$65 Range in 2020
Economic conditions in the Gulf region are expected to moderately improve in 2020.
Read More »Goldman Says Oil Could Drop $3 If Virus Plays Out Like SARS
Oil markets are likely to take a hit from China’s deadly coronavirus. with aviation fuel suffering the most. if the SARS epidemic in 2003 is any guide. according to Goldman Sachs Group Inc.
Read More »BP Finance Chief to Retire after 34 Years at the Company
Brian Gilvary will be succeeded by Murray Auchinchloss. who is currently the CFO of BP’s Upstream segment.
Read More »OPEC. Partners to Extend Production Cut Deal to End of 2020
Crude oil output from OPEC would dip to 29.6 million barrels per day in 2020.
Read More »Aramco`s Tough Test
Saudi Aramco’s status as an oil-producing behemoth always marked it as likely to suffer bouts of volatility.
Read More »Mexico Hedges 2020 Crude Oil Exports at $49 Per Barrel
Mexico’s government hedged oil exports for this year at an average $49 a barrel. locking in protection against low crude prices.
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