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 […]

Entrepreneurship space in the Arab world

Zawya #sme posted this article dated 13 December 2018 after conducting a series of interviews with many stakeholders in the Arab entrepreneurship space to gauge their views on the opportunities and the challenges that they face. The image above is of a technology start-up firm used for illustrative purpose. Getty Images/Caiaimage/Agnieszka Olek Special Report: Entrepreneurship […]

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 […]

How fair the Price of a Barrel of Oil is now

Further to our article on “The Vienna agreement and the Oil & Gas 2017 / 2030 prospects” posted on October 29, 2017, we follow on the same subject of oil prices rising to their highest in a long time. All rentier economies of the MENA region would of course be delighted with the news of […]

The Vienna agreement and the Oil & Gas 2017 – 2030 prospects

Trading of Brent oil as at October 28, 2017 closed at its highest level at $60.62 and at $54.17 for the WIT and for natural gas at $2.75 MMBtu, down 5.72%. Euphoria apart, this contribution would attempt to review the The Vienna agreement and the Oil & Gas 2017 – 2030 prospects.  Indeed, the listing […]