Tag Archives: Oil Price

For now. it does not seem likely that OPEC will emerge as a black swan to the oil market this year.

The Saudis are seeking a bridge price. to get you where you’re comfortable with deeper reform.

Oil companies have complained that the continued production cuts interfered with their growth plans.

The market is only expected to return to balance towards the end of this year.

UAE-based firm plans investment of $1b to boost gas production to 500m cubic feet by 2020

The weaker dollar boosts U.S. exports. supporting shale producers.

Chevron'.s downstream segment earned $1.3 billion for the quarter. up from $357 million in the year-ago quarter.

CNOOC expects to drill 132 wells this year. up from 126 wells drilled in 2017.

Goldman Sachs raised its three-month forecast for Brent to $75 from $62 and its six-month forecast to $82.50 from $75.

Falih and UAE minister Suhail al-Mazroui said they did not think the rise in prices would hurt global demand for oil.