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Oil Industry Faces Huge Worker Shortage

The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the U.S. could begin drilling...

Oil Bulls vs. Bears

Inventories at Nineteen Year High and Demand at Eleven Year Low; On the Other Hand, OPEC Has Cut Output and China Raises Demand

Oil prices jump 10% in a month

Over the last month oil prices rose by 10% with the support of several events. Saudi Arabia has cut down its oil output. The...

Oil Weekly Update

US crude oil futures fell last Friday, ending May with the worst monthly decline since December 2008, at the height of the financial crisis,...

High oil prices harm global economy

If you follow the developments in the oil market you may know that oil price varies with tepid downward trend. Though, oil is...

This is what happens when oil-rich nations can’t pay their bills

In the summer of 2014, the price of oil tanked, dropping from over $110 per barrel of Brent Crude to where it sits now...

Oil prices remain focused on Euro zone liquidity crisis solutions

Looking forward, oil prices will remain focused on talks that emerge from the meetings in Europe.

The Route for Transformation for the GCC Petrochemical Industry

Industrial consolidation can support value creation and build strategic, operational, and capabilities for the GCC petrochemical players to remain competitive globally. The Boston Consulting Group...

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...

GCC’s fuel subsidy reforms offer only modest fiscal space

While fuel subsidy reforms in members of the Gulf Cooperation Council (GCC) will help address pressure from low oil prices on public finances, these...

International speakers to discuss Iraqi energy market

Experts from across the industry take part in Basra Oil & Gas International Exhibition & Conference Internationally acclaimed experts from across the oil and gas...

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...

World Oil Demand Growth Unchanged in June; EIA Cuts Forecast

· WTI crude oil price rose by 2.6% to USD94.54 per barrel · World oil demand growth remains almost unchanged at 0.80mnbpd in 2013 · EIA...

Is a Second OPEC Cut on The Cards?

OPEC's coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above...

Oil Market sees Correction

Last week, crude oil for November delivery slumped to a low of $74.95 per barrel and subsequently found a base before heading higher. Tuesday‘s...

Crude Short Term Perspective

Crude rallied strongly into Christmas, closing in New York at a 2-year high of $91.50 on 23 December. China‘s Christmas day rate hike of...

Oil Prices Strengthen; Goldman Sachs See $45 by October

Oil prices strengthened in recent trading sessions on a decline in U.S. oil inventory levels and better economic numbers from China, world’s second-largest consumer...

Oil Prices Push up after OPEC’s Production Cut

The price of Brent crude, the international benchmark for oil prices, jumped above $52 a barrel on Thursday after the Organization of the Petroleum...