December 26, 2017

Oil Firms To Boost Drilling In Norway’s Mature Offshore Areas In 2018

Following a discouraging 2017 Arctic exploration campaign, oil companies plan to nearly double exploration drilling offshore Norway with a focus on more mature areas of the […]
December 26, 2017

U.S. And China Agree On North Korea Sanctions Enforcement

The United States and China will jointly monitor the implementation of sanctions on North Korea, Japanese daily Asahi Shimbun reported, citing U.S. officials. The monitoring system […]
December 21, 2017

U.S. Bank Freezes $22B Assets Of Kazakhstan’s Oil Fund

In a rare move, Bank of New York Mellon has frozen US$22 billion worth of assets held by Kazakhstan’s sovereign oil wealth fund as part of […]
December 21, 2017

Saudi-U.S. Nuclear Talks To Start In Weeks

Saudi Arabia will initiate talks with the U.S. administration within a few weeks about the participation of U.S. nuclear energy companies in the Kingdom’s first civilian […]
December 20, 2017

The 5 Oil Factors To Watch In 2018

Oil prices are set to close out the year somewhere around 15 percent up, and the oil market looks more stable than it has in years. […]
December 20, 2017

Canadian Oil Prices Plunge To $30

Oil from Canada’s oil sands is now selling at a $27-per-barrel discount relative to WTI, the sharpest difference in more than four years. Western Canada Select […]
December 14, 2017

Putin Pleased As Desperate UK Turns To Russian Natural Gas

We said two days ago that it’s been a tough week for anybody who needs to heat their home or put gasoline in their cars in […]
December 14, 2017

Key Pipeline Closure Amplifies OPEC’s Efforts

OPEC’s continued efforts to draw the global oil glut down to its five-year average are receiving an unexpected shot in the arm by an oil pipeline […]
December 12, 2017

World Bank To Cut Off Oil & Gas Funding

As part of its support to countries to meet their Paris Climate Agreement targets, the World Bank said on Tuesday that it would stop financing upstream […]
December 12, 2017

Brent Pipeline Closure Confuses Oil Markets

The closure of one of the most important pipelines in the oil market sent Brent prices soaring on Monday, with one analyst claiming it was “one […]