Tag Archives: Oil Price

The Norwegian government supports R&.D with financial incentives.

Short term improvement in oil prices may slowdown fiscal reforms.

Last week. Aramco signed US$4.5 billion worth of total contracts with international companies to boost its gas production and processing capacity.

The IEA estimates that U.S. crude oil is expected to rise until reaching a peak in the 2020s of about 17 million bpd.

Dubai and Oman crude oil prices are respectively $58.77 and $58.70 per barrel. indicating an upswing of $2.51 and $2.56.

Orbital satellite data suggests that Saudi Arabia’s crude oil inventories have risen slightly since early 2016.

The higher the price goes in the short run the more difficult it will be to return the oil taken off the market.

As the higher oil prices and the cost cuts resulted in strong cash flows for Big Oil. the companies are now trying to reward their shareholders.

US tight oil production has exceeded previous growth expectations and is currently forecast to contribute to a rise in overall US liquids by some 0.6 mb d in 2017 and then 0.9 mb d in 2018.

Iran'.s oil production is about 3.9 million barrels a day. including the 2.2 million barrels exported.