Libya’s oil chief being bullish

Energy Reporters posting an article on Libya’s oil chief being bullish amid his country’s chaos that does seem to be wanting to end. Libya aims to more than double its oil production to 2.1 million barrels per day (bpd) by 2021 provided security and stability are boosted, said Mustafa Sanalla, the chairman of the state […]

Is OPEC still relevant today ?

Illies Sahar and Paul Hickin dwelt on how certain producers of oil agreed to withhold part of their production for the purpose of a desperately sought after increase in the oil price. And they intend to do more of the same in case of not meeting that objective. OPEC will cut output further if oil […]

OPEC convening on Friday June 22, 2018 to set output

OPEC convening on Friday June 22, 2018 to set output policy in a would-be regular meeting like all those that have been taking place since last year, to try and control the oil market is said this time to mean relaxation of production cuts. Other members like Iran, Iraq, Venezuela and Algeria have already voiced […]

U.S. shale oil drillers boosted by efficiency and drilling intensity

The Global Warming Policy Forum citing The Wall Street Journal on how The New Shale Tech That Terrifies OPEC has become reality where the U.S. shale oil drillers boosted by efficiency and drilling intensity, are lowering prices to a point that could soon hurt exporters like Saudi Arabia. What doesn’t kill you makes you stronger. […]

November 30th, 2017 OPEC Meeting in Vienna

Actions for price stabilization? The oil price of more than $60, was certainly not only helped by the approaching winter but also by the relative decline of the Dollar value against the Euro, thus giving a timid stimulus to the growth of the global economy. It was in fact driven by fear of what is […]

OPEC and others’ oil and gas uncertain future

According to the Saudi ARAMCO chief saying on Thursday, that the oil market is moving towards a balance between supply and demand with the help of an agreement reached between OPEC and others to cut production and to maintain it further.  Our article today follows on yesterday’s The United Kingdom gave up its use of coal and […]