IEA in the Oil 2018 envisaged that excess global refining capacity would grow. but Asian refiners need more crude.
Read More »Trump`s Goal of `Energy Dominance` could Change the Global Balance of Power
The United States is on track to become the world'.s biggest oil producer and it has big plans for the future.
Read More »Libya Manages to Export Oil To Europe and The U.S.
Libya was initially exempt from the OPEC production cuts together with Nigeria because of the violence in the two countries.
Read More »US Investors Cool Response to Aramco IPO
Saudi Arabia’s own 10-year U.S. dollar sovereign bond currently yields more than 4 percent.
Read More »OPEC`s Attemps to Boost Oil Prices Undermined by US Oil Industry
The EIA is forecasting US oil production will lift 14.8% to 10.70 million barrels per day this year.
Read More »OPEC Unlikely to Change Output Deal This Year
Russians can pull out of the deal as they have made no commitment to OPEC to remain in the agreement until the end of 2018.
Read More »Oil Markets Dilemma: Glut or Deficit
Strong economic growth is what’s really driving demand at levels much higher than recent history.
Read More »OPEC Sacrificed Venezuela and Angola for the Greater Good
The fall in oil prices had an immediate and dramatic impact on drilling activity.
Read More »OPEC Divided on the Right Price for Oil
Iran wants to see $60 a barrel to rein in shale producers. while Saudi Arabia’s budget needs $70.
Read More »Oil Industry Relationship with Trump Cooling Off
Steel tariffs. jousting over NAFTA and wariness about regulation rollbacks are making oil and gas executives nervous.
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