U.S. shale production is expected to slow over the next year.
Read More »China May Boost Iranian Oil Purchases
This week. Iran filed a lawsuit against the US in the International Court of Justice over the re-imposition of US sanctions
Read More »US Oil Rig Count Down but Prices Jump on OPEC News
The loss of a single oil rig did not have much impact on the oil market today.
Read More »Saudis Start to Rise Oil Output. Ahead of OPEC Meeting
Saudi Arabia and some other Persian Gulf producers recently favored the idea of increasing overall output by 300.000 to 400.000 barrels a day.
Read More »BP Names Oil Industry Veteran Helge Lund as Chairman
Norwegian previously ran Statoil and BG Group.
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 »U.S. Will Be the World’s Largest Oil Producer by 2023
Influence on global oil markets is also expected to rise. with U.S. oil exports more than doubling.
Read More »Aramco. Alphabet Plans Joint Tech Hub
Senior managers at Alphabet and Aramco have been discussing the creation of a potential joint venture for months.
Read More »Iranian Oil Tanker at Risk of Exploding and Sinking
The Shanghai Maritime Safety Administration said areas surrounding the Sanchi tanker were still burning.
Read More »Russia Skirts U.S. Sanctions with $27 Billion Arctic Gas Plant
The Yamal project is an important step in Moscow’s efforts to build ties to China.
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