Saudi Arabia: Technical problems could wipe out the world’s oil glut in weeks
OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. Saudi Aramco CEO…
Oil market
Four reasons oil will rally back to $50
“I think there is a high probability that we could see [WTI] rallying back to $50,” Bob Parker, member of the investment committee at Quilvest…
Oil prices rise
Oil prices rose on Monday, supported by a slowdown in the growth of rigs looking for crude in the United States and because of strong…
How OPEC can kill US shale
One commodity analyst got it right: the OPEC cuts would not work. After November last year when the oil cartel announced its agreement with Russia…
Oil and gas situation
Oil Price, Oil Price, Who’s Got The Oil Price? If you’re having a hard time figuring out where the price of oil is heading, don’t…
Oil edges lower on high fuel inventories
Oil markets edged lower on Friday amid high fuel inventories and improving industry efficiency, but remained on track for a solid weekly gain, Brent crude…
Worst-case oil scenario of Saudi Arabia might surprise you – Photo
Saudi Arabia might not be as frustrated as one would expect by the oil market’s weakness in the face of a coordinated cut by major…
Oil is stable
Oil prices were stable on Thursday as strong demand from China eased concerns of an ongoing fuel glut. Brent crude futures were at $47.75 per…
Oil rises above $48
Oil rose above $48 a barrel on Wednesday in response to a fall in U.S. fuel inventories and a cut in the U.S. government’s forecast…
IEA: Investment in oil and gas is lower than in electricity for the first time ever
Fossils fuels are no longer the largest recipient of investment in the energy sector, the latest report from the International Energy Agency said Tuesday. Investment…