Friday 28 August 2015
 
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Oil

US oil export advocates use Iran deal to buttress argument

US oil industry lobbyists and Congressional supporters of lifting the US ban on oil exports hope they can gain more support as lawmakers debate whether to approve the Obama administration's nuclear deal with Iran, which would result in mor

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Focus on energy innovations at Abu Dhabi event

The latest innovations and smart technologies for the oil and gas sector will feature at a leading event in Abu Dhabi, UAE next month.   The Society of Petroleum Engineers (SPE) Middle East Intelligent Oil and Ga

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Saudi Arabia may delay some infrastructure projects

According to Bloomberg, the Saudi government is conducting a review of capital spending plans with advisers, said an industry expert, adding that the government is looking to delay or shrink some infrastructure projects, and may be contemplating

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Oil climbs by over $1 on crude stock draw

Brent crude climbed by more than $1 a barrel on Thursday on an unexpected fall in US crude inventories and a rally in global equity markets, but a stronger dollar capped gains. Front-month Brent, the global oil benchmark, had gain

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Oil climbs by over $1 on crude stock draw

Brent crude climbed by more than $1 a barrel on Thursday on an unexpected fall in US crude inventories and a rally in global equity markets, but a stronger dollar capped gains. Front-month Brent, the global oil benchmark, had gain

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Oil catches breath near 6-1/2-year lows after falls

Oil stabilised on Wednesday after China's central bank moved to support the country's economy, but prices stayed near 6-1/2-year lows as a heavy supply glut kept the market outlook bearish.   "Oil is

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Oil prices plunge fuels budget fears in Bahrain

Oil prices plunged again this week to fresh six-year lows, casting doubt on Bahrain’s budget calculations for the next two years. Concerns about a slowdown in Chinese demand following the Asian stock market crash of two days ago dubbed &

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Oil prices plunge fuels budget fears in Bahrain

Oil prices plunged again this week to fresh six-year lows, casting doubt on Bahrain’s budget calculations for the next two years. Concerns about a slowdown in Chinese demand following the Asian stock market crash of two days ago dubbed &

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Lessons from oil's 'lost decade'

Saudi Arabia and its Opec allies are counting on strong growth in demand coupled with slower growth in non-Opec supply to rebalance the oil market in 2016. But the experience of the "lost decade" after prices slumped in

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Iraq oil minister says $9bn in arrears paid to oil firms

Iraq has paid foreign oil companies $9 billion in remaining arrears for 2014 and was paying outstanding fees for 2015 in stages until the beginning of next year, its oil minister said.   Adel Abdel Mehdi wrote in

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