Sanctions imposed on Russia present a ”huge risk,” Energy minister
The Russian Energy minister said that sanctions imposed on his country are economic competition measures that impact negatively on its…
Russian oil output hits record high in March
Russia’s oil output edged up in March to an 11-month high of 10.97 million barrels per day (bpd), slightly above…
OPEC’s Barkindo on lost $1 trillion energy investment: ”Sowing seeds for future global energy crisis”
OPEC Secretary General Mohammad Barkindo said one of the most important issues the energy industry currently faces is a lack…
Russia Tops U.S. In Global Energy Company Rankings
State-controlled gas giant Gazprom ranked the top integrated oil and gas company of 2017, according to the S&P Platts Top…
Oil hits $71 for first time since 2014 on tighter supply and weak dollar
Oil hit $71 a barrel on Thursday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking…
Big Oil flush with cash again, but no party yet
The world’s top oil companies are expected to generate more cash in 2018 than at any other time this decade…
Gazprom speaks out against OPEC production cut extension
While OPEC is said to be mostly leaning toward a 9-month extension of the production cuts, Russia’s Energy Minister Alexander…
Fossil fuels will be main energy source for decades – OPEC
OPEC says growth in global oil demand will steadily lessen from an annual average of 1.3 million barrels a day…
Oil rises to the highest level of the past two years
The Brent oil barrel rose on Monday at the ICE Futures London stock exchange to $ 62.46, the highest level…
Energy security in Asia ‘may be fatally compromised,’ Saudi’s Khalid Al-Falih
Saudi Arabia’s Energy Minister Khalid al-Falih said he was worried about future energy security, especially in Asia Saudi Arabian Energy…
OPEC seeks consensus on oil supply cut extension before meeting
Oil producers are working to build consensus on extending their deal to reduce supplies, OPEC’s secretary general said on Thursday,…
The Oil Market’s Fall Upswing (analysis by Radu Dudău)
Radu Dudău, EPG Director Early September saw the beginning of a significant price increase for Brent, the international crude oil benchmark,…
Oil jumps as fighting in Iraq’s oil-rich Kirkuk shuts output
Oil markets jumped on Monday as Iraqi forces entered the oil city of Kirkuk, taking territory from Kurdish fighters and…
Oil hits seven-month high as producers say market rebalancing
Oil prices rose on Monday to their highest in seven months after major producers said at a meeting in Vienna…
US shale boom ends OPEC’s power to crush
For decades, the world’s largest oil shippers lived in fear of OPEC turning off the taps and causing demand for…
OPEC production rises again above its output ceiling
Production of crude oil across all OPEC countries rose again in July, to above the level the cartel has agreed…
Oil near two-month high as producers set to meet again
Oil was flat near two-month highs on Monday, putting July on track to become the strongest month so far this…
OPEC moves to cap Nigerian oil output, boost compliance
OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts…