Tags Oil Production

Oil Production

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...

Increase In U.S. Rig Count Will Not Cap Oil Prices

The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of...

Years of painful cuts set oil markets for supply crunch

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data...

Is a “V-Shaped” Oil Prices Recovery on the Horizon?

A "V-shaped" oil prices recovery has been recently hinted by Core Labs, which detailed its outlook for the oil market when it reported its...

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...

Iran won’t freeze its oil output even when crude production cut...

A senior Iranian Oil Ministry official says his country won't freeze its oil output but will keep increasing crude exports until it reaches levels...

Saudi Arabia, Russia and two other countries agree on oil production...

Saudi Arabia's oil minister has agreed to freeze oil production at January levels, indicating that the country may be willing to reassess its "lower...

OPEC’s crude oil production cut is still a hint

Oil prices surged last Friday on world markets, following a report in the Wall Street Journal quoting UAE's minister of energy as saying the...

Kuwait ready to cut oil production; HSBC sees price at $45...

Crude slid 2.57% and Brent lost 2.43% both below $30 a barrel on Tuesday, sending renewed shivers through global financial markets. Investors in Asia were back to selling and...

Crude price rebound will start in H2 of 2016, some analysts...

Part of the reason oil is the trade of the year is because it’s going to have such a broad affect, it’s going to...

Valued over $1 trillion Saudi Aramco IPO could go global

As part of a privatization drive, Saudi Arabia is considering an IPO of Saudi Aramco, the world’s biggest crude oil producer, deputy crown price...

Crude price recovery remains long term perspective; Oil production expected to...

The idea that oil prices will bottom out, and a period of retrenchment will begin, isn’t entirely new. Investments in exploration and production are...

UAE Plans to Lift Oil Production Capacity in 2013

The United Arab Emirates plans to raise its oil production capacity to 3 million barrels a day, from the current 2.8 million, during the...

OPEC Oil Production climbs to 31.27 million barrels per day in...

Crude oil output from the Organization of the Petroleum Exporting Countries (OPEC) climbed by 400,000 barrels per day (b/d) to 31.27 million b/d in...

Dubai neither doomed to fail, nor a safe haven

UAE looks better placed than other markets in CEEMEA at the current time.

ADNOC announces cut in crude oil prices for August shipments

Abu Dhabi National Oil Company 'ADNOC' announced today reduction of shipments of crude oil to its customers for the month of August by 5...

OPEC likely to increase oil production

OPEC oil ministers are set to hold a regular ministerial meeting in Vienna on June 8, to mull the market’s supply and demand and...