Thursday 3 September 2015
 
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Shale

JGC wins Aramco shale gas contract

Japan's JGC Corp has won a contract to build shale gas facilities in the northwest of Saudi Arabia for state oil company Saudi Aramco , industry sources familiar with the matter said. The project, known as System A, will invol

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Get used to cheap oil, derivatives markets say

Oil prices will stay low for years to come, derivatives markets say, keeping a lid on inflation and helping boost global growth. Oil has more than halved in value over the last year, thanks to huge oversupply, and many oil compani

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Oil oversupply to last through 2016: IEA

World oil demand is growing at its fastest pace in five years thanks to rebounding economic growth and low prices, but global oversupply is so great that it will last through 2016, the West's energy watchdog said on Wednesday.

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Saudi oilfield chemicals market to top $960m

Rising oil and gas production in Saudi Arabia, along with anticipated increase in the exploration of shale gas deposits, are likely to drive the kingdom’s oilfield chemicals market to surpass $960 million by 2020, a report said.

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Opec sees more balanced oil market in 2016

The global oil market should be more balanced next year as China and the developing world increase oil consumption while supply of shale oil from North America and other regions grows more slowly, Opec said on Monday. In its month

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Shell chief says US shale producers under Saudi pressure

Opec's decision, led by Saudi Arabia, to not cut oil production has put pressure on US shale gas producers which in turn has put brakes on America's energy boom, the chief executive of Royal Dutch Shell said in an interview with the Fi

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Shell chief says US shale producers under Saudi pressure

Opec's decision, led by Saudi Arabia, to not cut oil production has put pressure on US shale gas producers which in turn has put brakes on America's energy boom, the chief executive of Royal Dutch Shell said in an interview with the Fi

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Oil falls to $63, ample supplies and Greece weigh

Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that US shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other marke

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Oil prices ease on higher shale output forecast

Oil futures prices dipped slightly in thin trade on Friday as forecast higher production by US shale oil producers this year added to lingering worries over demand. US July crude shed four cents to $60.41 a barrel as of 0302 GMT a

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Opec supply, resurgent shale ‘to keep oil prices weak’

Oil prices are likely to stay relatively weak for the rest of this year due ample supply from traditional Middle East producers and a resurgence of US shale production, according to a Reuters survey. Reuters monthly survey of 28 a

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