News
Speculation in oil markets An invisible factor in price decline

Oil supply and demand doesn’t fully justify the severe drop in prices during 2015 as speculation also played a role.   A rise in supply from outside the Organization at a time when demand for...

Read more
Oil price may gradually rise to reach $80 in 2020

Now most of OPEC member countries became unable to balance their budgets at current prices. Hence, OPEC is assuming the oil price will rise gradually to $80/b in 2020 as supply growth outside the...

Read more
OPEC maintains production during 1st half 2016

The Organization of Petroleum Exporting Countries decided to maintain its output at 31.5 million barrels per day, group president and Nigerian oil minister Emmanuel Ibe Kachikwu said after the...

Read more
Russian Economy today badly needs pushing non-oil sectors

Russia relies heavily on exports of oil and gas for government revenue, leaving its economy vulnerable to lower energy prices. Crude oil prices are 50% percent lower than this date in 2014 mainly...

Read more
ASRY Board Approves 2016 Budget

ASRY Board Approves 2016 Budget   Chairman of the Board of ASRY reveals stable performance for year so far  ASRY, the leading ship and rig repair yard in the Arabian Gulf The Board of Directors of...

Read more
OPEC maintains crude production during the coming six months

The Organization of Petroleum Exporting Countries decided to maintain its output at 31.5 million barrels per day, group President Emmanuel Ibe Kachikwu said after the December meeting of OPEC...

Read more
IMF: Egypt’s gas discovery will support Egyptian Economy in the medium term

The Eni discovery of a major deposit of natural gas off the Egyptian coast should help ensure positive economic growth and stimulate the Egyptian economy in the medium term. Italian Oil Company Eni...

Read more
Oil price downwards.. Is it a plan to lay off some producers?

Chee Yew Cheang from Rigzone Staff concluded that low oil prices showed little signs of a turnaround. He shared views with some industry players at a recent Singapore forum (14th Annual Marine Money...

Read more
Though declining oil prices, UAE didn’t cancelling oil project

Though oil investments have been cut by $200 billion this year 2015 and will probably drop again during the next year, UAE expands its oil investments and pushing ahead with large new energy...

Read more
Decline in oil prices.. is temporary or permanent?

Prince Abdulaziz bin Salman, Saudi vice oil minister: ‘Price surge after cutbacks” November 09, 2015, Wael Mahdi and Mohamed Aly Sergie DOHA, Qatar (Bloomberg) — The scale of the global oil...

Read more
© 2010 - 2021 . All Rights Reserved