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Saudi Aramco shares extended their losses for a fourth session. reversing about half the gains accumulated from the rally following the company’s historic trading debut.
Read More »Aramco Stocks Give Up About Half of Gains Since Debut
US-China Trade Deal to Keep Oil Prices at $60 Range
JP Morgan Research expects the oil price to peak in the first three months of 2020.
Read More »Why Namavaran Discovery Is a Breakthrough
Iran is currently under sanctions and consequently its oil production has faced with restrictions. But Minister Zangeneh said Iran’s known oil and gas reserves should not be ignored in the mid and long-term.
Read More »China-US Trade Deal Progress to Support Oil Prices
A drop in US crude inventories helped oil prices to stay near three-month highs.
Read More »Oil Poised Near Three-Month Highs on U.S.-China Trade Hopes. Supply Cuts
Oil prices are struggling to extend their gains as investors await further details regarding the U.S.-China ‘Phase One’ trade deal.
Read More »Lukoil: Oil at $60-65 per Barrel Comfortable for OPEC+ Producers
Price shocks would only happen if producers violate their commitments.
Read More »OPEC`s Plan to Boost Oil Prices may not Work
The United States was a net oil exporter for the first time in decades in September.
Read More »Saudi Arabia Plans for Lower 2020 Oil Revenues on OPEC Cuts
The budget deficit will widen to 6.4% in 2020 from 4.7% in 2019 as the government earns less from oil.
Read More »China`s Growing Presence in International Offshore Oil Game
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.
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