Archive for the ‘Oil Prices’ Category
The Organization of Petroleum Exporting Countries will maintain its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030. This is according to global natural resources…
EIA: Brent will remain above $70/bbl this year
July 16th, 2018 by Latest News
Brent crude oil spot prices averaged $74/bbl in June, a decrease of almost $3/bbl from the May average.
The Organization of Petroleum Exporting Countries’ output cutbacks amid strong global oil demand growth have managed to eliminate the surplus of the Organization for Economic Cooperation and Development’s stocks. As of April, OECD commercial stocks had…
The Organization of Petroleum Exporting Countries’ output cutbacks amid strong global oil demand growth have managed to eliminate the surplus of the Organization for Economic Cooperation and Development’s stocks. As of April, OECD commercial stocks had…
Crude exports growth
June 11th, 2018 by Latest News
Crude exports for the week ended May 25 were reported to be 2.2 million b/d, a 67% increase vs. a year ago, according to the US Energy Information Administration. Crude exports cumulative average of 1.712 million b/d for the same period jumped a stagge…
Relative price stability bodes well for oil and gas deal-making in 2018 and the Permian basin is expected to continue as the lead target for merger and acquisition activity.
At least twenty Iranians have died because of-as opposed to from-bird flu.
US-Mexico energy relationships are sufficiently strong to withstand uncertainties ranging from the North American Free Trade Agreement’s renegotiations to Mexico’s upcoming presidential election, speakers agreed at a Dec. 15 conference sponsored by the…
Oil and gas companies are set to enter 2018 in their best shape since oil prices collapsed. In its 2018 Upstream Outlook, global natural resources consultancy Wood Mackenzie believes many will now focus on demonstrating they can thrive in a low-price e…
Global recovery of upstream spending remains intact, albeit at a measured pace that isn’t likely to materially tighten many global oil field service and equipment markets, according to the 33rd annual Barclays E&P Spending Survey.