Gas and oil spending continues to drop
Global energy investment fell by 12 percent in 2016, the second consecutive year of decline, as increased spending on energy efficiency and electricity networks was…
Oil market
Giants of oil sign deal to exploit gas reserves
Chinese, French and Iranian energy giants signed a $4.8 billion deal to develop the world’s largest natural gas reserve in the Persian Gulf last Monday….
Tillerson got oil industry award
US Secretary of State Rex Tillerson said today that he misses his oil industry “colleagues, partners and competitors” as he accepted an award at the…
Oil below $45
Futures dropped as much as 1.9 percent in New York, erasing Thursday’s 0.9 percent gain. US oil output last week increased by the most since…
Oil rose after USA inventory drop but outlook remains gloomy
Oil rose on Thursday, recovering some ground after a surprisingly upbeat picture of U.S. demand halted the previous day’s steep slide, although the prospect of…
Oil vs gold – Photo
The API data released this week showed that investors are excessively anxious about the supply glut. We saw a major draw down and it was…
Non-oil economy of UAE picks up amid job market stagnation
Dubai’s biggest bank Emirates NBD said Tuesday that non-oil private sector of the United Arab Emirates (UAE), which saw in May its weakest improvement in…
Oil output of Iran is near 4 million bpd
Iran’s oil production has risen to over 3.9 million barrels per day (bpd), spokesman for the government announced here on Tuesday. According to statistics, Iran’s…
Will OPEC finally bankrupt US production?
Crude had a good week and a bad month. What’s next? Well, it’s worth noting that OPEC has lost its all-in competitive advantage relative to…
Oil prices rose on first drop in USA drilling in months
Oil prices rose on Monday, lifted by the first fall in U.S. drilling activity in months, although gains were capped by reports of rising OPEC…