Economics/Statistics
News
January 04, 2021
Talks between OPEC and its allies will continue for a second day after most members, including Saudi Arabia, opposed Russia’s proposal for another output increase in February, following the 500,000 barrels a day being added this month.
News
January 04, 2021
The difference of opinion between Saudi Arabia and Russia, the two de-facto leaders of OPEC+, could make for another tricky meeting. While Russia appeared to be outnumbered, the group typically requires a consensus among all members before concluding talks.
News
January 04, 2021
“At the risk of being seen as a killjoy in the proceedings, I want to urge caution,” Saudi Energy Minister Prince Abdulaziz bin Salman said at the start of the group’s video conference on Monday. “The new variant of the virus is a worrying and unpredictable development.”
News
January 04, 2021
A decline in the dollar is boosting the appeal of commodities that are priced in the currency, while as investors return to their desks at the start of the year, crude has emerged as a favored trade to hedge against a rise in inflation.
News
January 01, 2021
Venezuela has managed to defy sweeping U.S. sanctions against state-owned producer PDVSA and keep shipping some crude abroad, mainly to China. But Washington has intensified the crackdown on companies that break the restrictions, and PDVSA has struggled to sell its barrels in Asia.
Whitepaper
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July 14, 2020
Lloyd's Register
News
December 31, 2019
The company is in discussions with lenders including Baupost Group LLC and HPS Investment Partners LLC about providing a $2 billion bankruptcy loan, according to people with knowledge of the matter.
News
December 31, 2019
With hedge funds’ net-bullish bets at a seven-month high, even protesters storming the American embassy in Iraq, OPEC’s second biggest producer, couldn’t support prices on the final trading day of the year.
News
December 31, 2019
Saudi Arabia’s economy shrank 0.5% in the third quarter, a contraction that was broadly expected even as the kingdom’s goal of weaning itself off crude began to pay off with solid growth in non-oil sectors.
News
December 31, 2019
At stake are crude deliveries to Belarus totaling 24 million tons a year, while the future of transit volumes -- supplies passing through the country en route to Europe -- remains uncertain.
News
December 31, 2019
The first phase of development consists of four production wells producing through two 18-inch, 73-mile subsea tiebacks to a processing platform offshore northern Israel.
News
December 31, 2019
The 32nd UK Offshore Licensing Round, which closed on 12th November 2019, offered acreage in the Central North Sea, Northern North Sea, Southern North Sea and the West of Shetlands.
News
December 30, 2019
Hedge funds are approaching the end of the year more optimistic on global oil prices than they’ve been since May.
News
December 30, 2019
After an abysmal 2019 for U.S. energy mergers and acquisitions, investors are signaling to oil executives and investment bankers that the days of high-premium deals are over.
News
December 30, 2019
Oil rose for a fifth session, the longest run of gains since July, as a bigger-than-forecast decline in U.S. crude stockpiles eased oversupply concerns.
News
December 30, 2019
The awards add upstream interests to ExxonMobil’s long-standing downstream presence in Egypt, where it has been a leading fuels, lubricants and specialties marketer since 1902.
News
December 30, 2019
CGG announced it has terminated the Seabed Geosolutions’ joint venture agreement effective December 31, 2019.
News
December 27, 2019
The contraction of the oil and gas industry in and around Texas continued in the fourth quarter as shale producers cut back on spending and jobs, the latest survey from the Federal Reserve Bank of Dallas showed.
News
December 27, 2019
OPEC+ output cuts have stabilized the global oil market but can’t last forever, Russia said as uncertainty persists over the future of the agreement beyond March.
News
December 26, 2019
Oil rose for a third session as an industry report showed American inventories shrank and as optimism over a partial U.S.-China trade deal grew.
News
December 26, 2019
If 2019 was the year when a clutch of Middle East markets burst into the mainstream, then 2020 will test whether the foreign money keeps flooding in.
