Tag: Oil Price
Is a Second OPEC Cut on The Cards?
OPEC's coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above...
Confidence Returning to Oil and Gas Recruitment as Oil Price Stabilises
A review of the employment environment in the energy sector by Petroplan has found that, despite a major contraction in the value of the...
Potential Shortage of Global Oil Supplies in 3 Years
The recent drop in oil industry investment brought on by weak prices threatens to significantly slow supply growth in the long term, and could...
Despite low prices, MENA oil producers to spend heavily on projects
Oil producers across the Middle East and North Africa (MENA) region are continuing to spend heavily on oil, gas and petrochemicals production capacity despite...
Industrial Commodities Prices to Surge in 2017
Tight supply, strong demand boosts energy, metals prices
The World Bank is forecasting strong gains for industrial commodities such as energy and metals in 2017,...
Distressed Deals Rising across Middle East after Oil Slump
Distressed debt opportunities are increasing across the Middle East and Africa as companies struggle with slumping currencies and tighter government spending, according to Sancta...
Where Will Oil Prices Go After Algiers?
Saudi Arabia and Iran may yet come to terms on some sort of production arrangement, but the outcome of the negotiations in Algeria this...
Oil rig count drives crude prices, not Brexit
Oil futures settled with a loss of almost 5% on Friday as the U.K. voted to leave the European Union, raising concerns over the...
What Does The Next OPEC Meeting Have In Store?
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and...
Equities set for a bear hug over the coming months
Goldman Sachs has downgraded its outlook on equities to "neutral" over the next 12 months, saying there's no particular reason to own them.
"Until we...
Regional Investor Appetite Shows Cautious Recovery
Investment trend likely points to oil as commodity inches towards $50
The second week of May saw buyers bravely step back into the markets after...
Abu Dhabi Plans Bonds Sale
Abu Dhabi, the capital of the United Arab Emirates, is sounding out investors about plans to issue bonds for the first time in more...
Doha Oil Freeze Meeting Fails; Oil Price and Stocks Tumble
WTI Crude oil futures gapped more than 4.5 percent in early Asian trading session on Monday. The decline in the commodity occurred a few...
Oil production freeze talks in Doha have run into some last-minute...
Oil production freeze talks in Doha between some of the world's largest oil producers have run into some last-minute trouble after Iran announced it...
Oil rallies as stockpile growth slows
Oil rallied in early Wednesday trade in Asia after the biggest two-day slump in a month as U.S. industry data showed the pace 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...
Could the oil price crunch topple governments?
Egypt's oil minister Osama Kamal has dismissed the head of state-owned Misr Petroleum and another top official due to a crisis in distributing fuel...
Global oil market might begin rebalancing in 2017, IEA
IEA medium-term report sees oil market rebalancing in 2017, but investment cuts pose supply security risks down the road
Global oil supply growth is plunging...