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December 17, 20180

IEA: Too early to tell if Opec+ oil supply reductions will succeed

The International Energy Agency said it’s too early to tell whether oil-supply cuts announced by OPEC and its allies last week will succeed in balan

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December 17, 20180

IEA Says OPEC’s Unplanned Supply Losses Could Double Its Cut

OPEC may be about to succeed by accident, again. Unplanned supply losses from members Iran and Venezuela could effectively double the intended cut

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December 17, 20180

Natural gas tries to eke out a future in greener world

Bloomberg/Frankfurt The natural gas industry is trying to up its green credentials as it bids to join electric cars and renewable power plants in

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December 17, 20180

U.S. Oil Surge Makes Bank of Russia Skeptical on OPEC+ Success

Russia’s central bank is not convinced that OPEC and its allies’ supply cuts can revive the oil market as it’s being countered by surging U.S. produc

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December 17, 20180

Saudi Oil Premium Drops to 15-Year Low as Fuel Profits Crash

Saudi Arabia’s crude pricing in the world’s biggest oil market is reflecting tumbling profits from making cleaner fuels in Asia. State-run Sau

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December 17, 20180

Total denied Brazil off shore drilling licences in Amazon Reef

Total SA was denied per- mission to drill fi ve deep- water blocks in the Ama- zon Reef off Brazil’s coast over biodiversity concerns. The Brazilian

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December 17, 20180

Huawei Arrest Keeps U.S.-China LNG Spat Alive, Developer Says

The arrest of a top Chinese technology executive means the tariff war that ensnared liquefied natural gas may not have reached a cease-fire, accordin

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December 17, 20180

Shale will take Opec cut but no longer needs it

U.S. shale’s response to OPEC’s decision to cut supply and boost prices: We’ll take it, but we don’t need it. In 2014, the U.S. oil industry’s fat

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December 17, 20180

OPEC Cut Throws Wrench Into Record Oil Short-Selling Streak

OPEC’s surprise output reduction has wrong-footed short-sellers. Hedge funds cut bets on rising Brent crude prices to the lowest in more than thre

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December 17, 20180

QP signs exploration agreement marking its first entry into Mozambique

Qatar Petroleum has entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration bloc

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