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.
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.
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