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New oil find studies encouraging: Bahrain ministerReservoir simulation studies at the Khaleej Al Bahrain basin, where the kingdom discovered some 80 billion barrels of tight oil, have been encouraging and by the end of next year there could be an international company engaged in the first dev More… |
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What if oil goes to $100?Brent is expected to peak at $95 per barrel (/bbl) by the end of Q2 2019, said the Bank of America Merrill Lynch (BofAML), citing a forecast by Francisco Blanch and team and analysing the impact on global growth of an even larger and more More… |
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Global energy investment drops 2pc to $1.8trn in 2017Global energy investment totalled $1.8 trillion in 2017, a 2 per cent decline in real terms from the previous year, said the International Energy Agency (IEA) in a new study, citing the World Energy Investment 2018 report. The ele More… |
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Oil revival sets stage for Opec-shale clash in 2018Oil continued its revival from the biggest crash in a generation, with prices set for a second annual gain after a year marked by hurricanes, Middle East conflict and the tussle between Opec (Organization of Petroleum Exporting Countries) and More… |
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Simulation of new oil find encouraging: Bahrain ministerReservoir simulation studies at the Khaleej Al Bahrain basin, where the kingdom discovered some 80 billion barrels of tight oil, have been encouraging and by the end of next year there could be an international company engaged in the first dev More… |
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Oil to hit $56 next year amid growing demand: World BankOil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing US shale oil production, while the surge in metals prices is expected t More… |
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Don’t underrate impact of Harvey on oil: BarclaysHurricane Harvey, the first major storm to target the US Gulf Coast since 2012, could make it more destructive to US crude and product supplies as well as port facilities than the market is currently assuming, said Barclays in a new report. More… |
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Opec faces three choices: stay, cut or hike outputThe Organisation of Petroleum Exporting Countries (Opec) faces three distinct choices: stay, cut, or hike output at the highly anticipated meeting in Vienna on May 25, said Bank of America Merrill Lynch (BofAML) in a new report. F More… |
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Global oil discoveries fell to historic lows in 2016Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that b More… |
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Global oil discoveries fell to historic lows in 2016Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that b More… |
