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 […]

Eight factors determining the price of oil

As put by Kimberly Amadeo in her article on The Behind-the-Scenes Role of Commodities Traders,  Oil prices are controlled by traders who bid on oil futures contracts in the commodities market. That’s why oil prices change daily. It all depends on how trading went that day. Other entities can only affect the traders’ bidding decisions. These influencers include the U.S. […]

SONATRACH will launch offshore drilling

Algeria’s state-owned oil and gas company SONATRACH will launch offshore drilling with France’s TOTAL (NYSE: TOT) and Italy’s ENI (NYSE: E) on two sites in the east and west of Algeria at the start of 2019, its CEO said on Oct. 7. “We should start drilling at the beginning of next year,” Abdelmoumene Ould Kaddour told reporters […]

What to do with the vastness of the Saharan Desert

This article is meant to be as informative about the problematics of consultation and decision making in Algeria as it is possible to muster at this conjecture. What to do with the vastness of the Saharan desert where large pockets of gas lay buried according to all known geological analyses for millennia. The strategic decision […]

Follow-up Meeting on the Oil Production Reduction

The Joint Ministerial Meeting Committee (JMMC) comprises four OPEC member countries (Algeria, Saudi Arabia, Kuwait and Venezuela) and two non-OPEC countries (Russia and Oman) and will be held at the end of September 2018 in Algiers. This 10th follow-up meeting on the oil production reduction will review all recent market developments and the report provided […]

What happens when the carbon bubble pops?

This article by daryan12 posted on June 25, 2018 would want to be an answer to this pertinent question of What happens when the carbon bubble pops?  One of the issues regarding energy that often gets missed is the financial implications of the transition away from fossil fuels. With assets worth many trillions of dollars, which […]