Global Oil Demand Weakens, Bank Report
In November of last year, BofA expected global oil demand to grow by 0.95 million b/d in 2013. Now this number is revised down...
Drones to be deployed to inspect assets all across GCC
Traditional ways of asset inspections become less relevant in the modern world as they are not only costly and time-consuming but also represent a...
OPEC oil output falls in December: Platts survey
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 30.65 million barrels per day (b/d) in December from 31.08...
New Oil Discovery Strengthens UAE’s Position as 6th Largest Oil Reserves...
The Supreme Petroleum Council (SPC) announced today the discovery of substantial recoverable unconventional oil resources located onshore, estimated at 22 billion stock tank barrels...
Oil market undergoing positive ‘supply shock’: IEA
The oil market is undergoing a positive "supply shock" as production in North America continues to grow at a record pace and refining capacity...
Moderate increase in price of crude
A faster than expected second quarter growth in the U.S. economy and Germany’s agreement on Euro nations bailout helped crude rebound a bit from...
Oil prices will remain “low for long, at least 3-5 years”
Fareed Zakaria, host of CNN’s flagship foreign affairs program ‘Fareed Zakaria GPS’ will interview two Indian icons later today, Sunday 21st of February. India’s...
How Will OPEC Output Cuts Affect the Middle East
OPEC is the organization responsible for regulating at least half of the world's oil output, and as such has become significant in recent years,...
Basra Oil & Gas International Conference & Exhibition Preview
Basra International Fair Ground
With proven reserves of around 143 billion barrels, Iraq has the third largest reserves in the world situated across 79 oil...
OPEC and Allies Have Cleared Oil Surplus
OPEC and allied oil producers including Russia concluded that the crude market re-balanced in April, when their output cuts achieved a key goal of...
Crude Oil Prices Extend Gains
Crude oil prices extended gains in early Asia trade Monday as the market turned more bullish on expectations of smaller supply and growing demand.
On...
How Fake is Our News?
Hardly a day goes by without media and sometimes government claims that Russia has been utilising social media tools to spread fake news and...
Oil Weekly Update
US crude oil futures fell last Friday, ending May with the worst monthly decline since December 2008, at the height of the financial crisis,...
Oil Market Outlook 2011
Average WTI crude oil prices increase by 28.3%YoY to USD79.5 per barrel in 2010.
European debt crisis and slow recovery in the US to keep...
Oil Prices to remain volatile
Analysis and discussion with Doug Sandler of Riverfront Investment Group
Potential for Stronger Output Suppress Increase in Oil Prices
Oil prices rallied last Friday to register a seventh-straight session gain. New data showed the first decline in the number of active U.S. oil...