Oil

Shale Gas

Not Even Higher Oil Prices Can Save U.S. Shale

The U.S. shale industry is burning through cash so fast that even the state of Texas is looking at government rationed production targets. Texas Railroad Commis…

Oil Price

Trump’s Ultimate Weapon To End The Oil War

U.S. President Donald Trump is facing increasing calls from some U.S. senators and congressmen to pressure Saudi Arabia into ending the oil price war, with one …

Shale Gas

Do Saudi Arabia And Russia Really Want To Kill U.S. Shale?

Since 2016, as an informal leader of the 13-strong non-OPEC group, Russia has been instrumental in the pricing of oil as Saudi Arabia, leading producer in the O…

Oil Price

Russia Moves In On European Gas Markets As Oil Prices Crash

Russia sees a silver lining in the oil price collapse—it now believes that the oil price war will help it win the war for natural gas market share in Europe.

Crude Oil

Azerbaijan Could Soon Tap Its 410 Million Barrel Oil Reserves

​Azerbaijan says it has proven an oil deposit in the Caspian Sea is commercially viable, offering a small psychological boost as the country’s oil-based econo…

Oil & Gas Trade

Oil’s Demand Plunge Doing More Damage than The Price War

Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh going big, each cut…

Oil & Gas Trade

Energean Secures Gas Prices for 70% of Output

Israeli gas-focused company Energean said Tuesday it’s well-placed to weather the challenges currently posed to the industry.

Oil & Gas Trade

Papua New Guinea LNG Sells Cargo at $4/MmBtu

ExxonMobil sold a shipment of liquefied natural gas in April for nearly $4 per million British thermal units.

Oil Price

Oil Prices Can Go as Low as $20 Per Barrel, Level Not Sustainable for Any Country

Starting in April, major oil producers are planning a big increase in production.

Asia Pacific Petroleum Conference

The Asia Pacific Petroleum Conference is the meeting place for the global oil industry and will deliver market-driven discussions from industry powerhouses, mix…

Oil & Gas Trade

Azerbaijan's BTC Pipeline Jan-Feb Oil Exports Down 7.3 Per Cent yr/yr

Azerbaijan's total oil exports in January-February totalled 6.271 million tonnes, about 80 per cent through the BTC.

Crude Oil

US to Top Up Strategic Oil Reserve With 77 Mln Barrels

The Trump administration cancelled plans to sell off a portion of the country's emergency oil reserves earlier this month as OPEC+'s failure to reach an agreeme…

Oil Price

The Price War Could Kill The UK's Oil Industry

The UK’s oil and gas industry has called on the government to help the sector as it faces three separate challenges, that could see production plummet.

Oil Price

US Seeks $3 Billion to Boost Oil Producers as Prices Plunge

The Trump administration said Thursday that it is seeking $3 billion from Congress to top up the country’s strategic petroleum reserves, potentially propping u…

Oil Price

Oil Price Won’t Impact Renewable Strategies Says IRENA Director-General

The turmoil in the oil market is unlikely to have a major impact on renewable energy plans and investment.