The International Monetary Fund (IMF) warns that the sharp collapse in the oil price will put more burdens on the global economy. The financial strains on exporters and the deep investment cutbacks...
Read more“It sounds harsh, and unfortunately it is, but it is the most efficient way to rebalance markets,” Saudi Arabia oil minister and the world’s most powerful oilman Ali al-Naimi told the...
Read moreMost companies are currently focused on surviving at US$30/bbl by cutting costs and activity, but the industry also needs to start adapting for the longer term, according to a report by Wood...
Read morePatrick Pouyanne the CEO of French oil and gas giant TOTAL said recently in a radio interview that the company would not cut jobs as other oil and gas companies have done, despite an expected drop in...
Read moreIran’s crude oil exports will reach 1.5 MMbpd next month as Tehran moves to benefit from sanctions relief. “Today, our oil exports have reached 1.3 MMbpd, which will reach 1.5 MMbpd by...
Read moreChristine Lagarde Managing Director of IMF: IMF calls Arabian Gulf countries to impose taxes to cover oil prices deterioration
Read moreRussian Energy Minister Alexander Novak: “We are ready to maintain the level of oil production of January 2016 and not exceed it, so as to stop deterioration in oil prices”
Read moreOil and Gas Situation in Kuwait Mohamad Hassan Salem Chairman/ Middle East Center for Energy Information General: It is located in the northwestern corner of the Arabian Gulf, which borders it from...
Read moreWith energy playing a dominate role in national finances, Russia’s deputy prime minister said Friday an economic contraction is possible for this year. “Speaking about most short-term...
Read moreMost companies are currently focused on surviving at US$30/bbl by cutting costs and activity, but the industry also needs to start adapting for the longer term, according to a report by Wood...
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