Tag Archives: Oil Price

The company is preparing to raise debt in part to pay for the acquisition of a majority stake in domestic petro-chemical group Sabic.

Environmental lobbyists say the air quality around ports and refineries is among the dirtiest on the planet.

The EIA now sees US crude oil production averaging 12.4 million bpd this year and 13.2 million bpd next year.

Prices will drop in the coming months as demand softens.

The US became the world’s largest crude producer last year.

Riyadh projects that its budget deficit will decrease this year to 131 billion riyals.

Moscow is better positioned to balance its budget at current levels than Saudi Arabia.

The industry has started to increase investments in deepwater after the downturn.

The compliance with the agreed output cuts will be key to balancing the market in 2019.

The rise in prices thanks to output cuts has brought roughly an additional $110 billion in revenues to Russia.