Ever since Trump re-clamped sanctions on Iran, tension in the gulf region has steadily heated up. Saudi Arabian Energy Minister Khalid al-Falih stated, although the recent attacks on its energy assets had put the security of oil supply at risk,… Read More ›
The investment will be across several years and will see its capacity increase from its current 12 million bpd. On Thursday, Saudi Arabia’s energy minister Khalid al-Falih said, the Kingdom will invest $20 billion in the coming years to maintain… Read More ›
OPEC and Russia have been withholding their respective crude oil production levels while oil producers from the U.S., Canada and Brazil have been boosting theirs. As a result of the production cuts, oil prices touched their multi-year high of $80.50… Read More ›
GE had already received the EU’s nod for this deal, it has now won the U.S. Justice Department’s approval as well. On Monday, the U.S. Justice Department disclosed that it has given the go ahead to General Electric Co acquisition… Read More ›
U.S. shale producers realise that with great power comes great responsibility. In what could potentially offset OPEC’s move to cut oil productions so as to reduce the glut in the global oil pool, U.S. shale oil producers are plotting an… Read More ›
A fascinating read on how the members of OPEC came through with the deal to cut their respective oil production and help reduce the glut in the global oil market. It appears that Russian President Vladimir Putin has played a… Read More ›
OPEC will now meet non-cartel members on December 9 to convince them that they should do the same. In a historical development, the world’s largest oil exporters have agreed on a cut to their oil production for the first time… Read More ›
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