2017 oil price projected to rise to US$45-US$50 from US$43 last year AmInvestment Bank (AmInvest) is keeping its oil price projection of an average of US$45 to US$50 per ... Read More
The September 28 Algiers accord by Opec to cap production within a range of 32.5 million to 33 million barrels per day was unexpected but very positive for sentiment. ... Read More
The U.S. rig count dropped by 10 rigs this week after only falling by 3 last week. No doubt some analysts will say that this increase is somehow important ... Read More
In Russia, even private companies serve at the pleasure of the president, particularly if they pump oil. A decade ago, Vladimir Putin’s allies had Mikhail Khodorkovsky jailed and seized ... Read More
North America’s small and mid-sized energy companies are searching for creative ways to stay afloat as investors smell blood in the water from the almost 60 percent fall in ... Read More
The Merriam-Webster dictionary offers this definition for the word capitulate: “to stop fighting an enemy or opponent; to admit that an enemy or opponent has won.” I’m not sure ... Read More
The government raised diesel prices by 50 paise on Friday and under-recoveries – the price differential between cost and selling price on every litre of diesel sold is now ... Read More
Brent crude held above $113 per barrel on Wednesday as heavy fighting in Iraq shut the country’s biggest refinery and led to the withdrawal of staff by foreign oil ... Read More
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