Goldman Sachs raised its three-month forecast for Brent to $75 from $62 and its six-month forecast to $82.50 from $75.
Read More »Iraq to Boost Majnoon Oilfield Output to 450.000 bpd in 3 Years
Chevron. Total and PetroChina may form a consortium later on to take over the development of the field.
Read More »Putin: No Need to Be Afraid to Talk about Shipments of Russian Gas to US
Yamal LNG is located in the Russian Arctic.
Read More »Kuwait to Invest in $500B on Oil and Gas Projects by 2040
Around 90 percent of Kuwait'.s state revenues come from oil.
Read More »ExxonMobil Plans Rise Permian Shale Production
ExxonMobil has been building up its position in the Permian Basin with a series of acquisitions.
Read More »Kuwait Petroleum Mulls Spending up to $500bn by 2040
National oil firm outlines ambitious growth plans for the next two decades.
Read More »IEA: End of OPEC Production Cuts in June Would Be Surprise
The U.S. will add about 1 million barrels a day of new supply this year.
Read More »Exxon Mobil Invests $35 Billion in US over 5 Years
Exxon announced $20 billion in spending for U.S. Gulf Coast manufacturing in March.
Read More »Eni`s Chief Doesn`t Think Oil Stay above $70
Growth in U.S. shale could average about 1 million barrels a day this year.
Read More »Iraq to Respect OPEC Drive to Reduce Output
Iraq hoped to more than double production from the northern Kirkuk oilfields with the help of BP.
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