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Thursday, 21 February 2019 02:42

Norway Oil Firms Lower 2019 CapEx Forecast

Oil and gas companies operating in Norway have lowered their investment forecasts for 2019 to 172.7 billion crowns ($20.06 billion)…
Oil traders are becoming very bullish on the outlook for prices, betting that Saudi Arabia will do whatever it takes…
Wednesday, 20 February 2019 07:55

Oil Rises on Market Rebalance, Trade Deal Hopes

Trump open to extending March 1 deadline for China trade talks. file CREDIT: AdobeStock / © Redindie Crude prices rose…
Wednesday, 20 February 2019 02:53

Glencore's 2018 Oil Trade Volume dips 17 pct

Glencore's overall traded oil volumes fell 17 percent year-on-year in 2018 to 4.66 million barrels per day (bpd), according to…
Wednesday, 20 February 2019 02:33

Oil Dips After Record U.S. Shale Forecast

U.S. sanctions on Iran, Venezuela tighten markets, but soaring U.S. shale output offsets some of the disruption. file Image: AdobeStock…
Tuesday, 19 February 2019 04:42

As Traders Tussle Turkmenistan Cuts Exports

A clash between trading house Vitol and Azerbaijan's SOCAR over Caspian Sea oil shipments is forcing Turkmenistan to slash exports…
Tuesday, 19 February 2019 02:18

Oil Below 2019 highs on OPEC Cuts

U.S.-China trade talks this week also in focus. File Image: AdobeStock / © Redindie Oil was close to its 2019…
Friday, 15 February 2019 16:17

Oil & Gas M&A Deal Value Up in 2018

Global oil and gas total deal value increased by US$ 79.7b during 2018 to reach US$426.8b, despite a decrease of…
Friday, 15 February 2019 02:53

US Oil Rallies as Exporters Trim Production

U.S. oil prices rose on Friday, gaining for a fourth day on hopes of further supply cuts by major exporters,…
Thursday, 14 February 2019 03:23

Norway's Snow Crab Ruling Boosts Oil Claim

A court delivered a painful nip to European Union fishermen on Thursday by tightening Norway's grip on snow crab catches…