Tag Archives: Oil Price

The production growth from non-OPEC countries is still there so I do not expect a price rise in the near future.

Vladimir Putin hopes first official trip by Saudi monarch to Moscow will seal powerful new alliance centered on oil and conflicts in the Gulf states.

For the first quarter of 2017. according to OPEC figures. ADNOC pumped an average 2.935 million bpd and in the second quarter. it produced 2.91 million bpd of crude.

In this context. the IPO of Aramco becomes even more essential for Prince Mohammed’s diversification plans.

Exxon will now join these fellow supermajors in the Brazilian shelf. partnering with Petrobras on six of the ten licenses it won.

Producers in the U.S. and Canada have made dramatic efforts to cut costs since the collapse of oil prices three years ago.

The world’s top shale play. the Permian. has shown remarkable resilience amid the lower-for-longer oil prices.

Van Beurden said forecasting oil prices in the short term was ".very difficult.". but he still expected gains.

Iran was also treated preferentially in the original negotiations.

Lukoil. a big oil products importer on the European market. would continue working on European projects and would keep its retail net in Turkey.