Luis Arango

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OPEC’s Dilemma

Published Nov. 16, 2014 at 9:00 a.m. ET<p>OPEC crude accounts for a third of the world’s oil…<p>Production in 2013<p>…but its dominance has been challenged by U.S. shale-oil production.<p>Change since 2000 in production: percentage and net; includes natural-gas liquids and condensates<p>Other OPEC members are …

Why Saudis Decided Not to Prop Up Oil

In American Shale Oil, A Perceived Threat to OPEC Market Share<p>In early October, Saudi Arabia’s representative to OPEC surprised attendees at a New York seminar by revealing his government was content to let global energy prices slide.<p>Nasser al-Dossary’s message broke from decades of Saudi orthodoxy …

OPEC : OPEC 166th Meeting concludes

The 166th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Thursday, 27th …

Falling oil prices: Who are the winners and losers? - BBC News

Oil

Which Oil Producers Are Breaking Even?

Lower oil prices have made it a challenge for some countries to balance their budgets.<p><b>Scroll</b> to see the 2016 break-even price, or the price per barrel at which different oil producers will need to sell their oil to balance their budgets.<p>Last updated July 26, 2017 at 6:30 a.m. ET<p>Published Nov. 27, …

Saudis’ Oil Price War Is Paying Off

Three months after Saudi Arabia made clear it was going to let oil prices keep tumbling, the strategy is showing signs of working.<p>U.S. drillers are …

A frack too far

“I HONESTLY thought it was a joke,” says Sandy Pinney. She means the threat that Windsor, her hometown, along with 14 other towns along New York’s …

New York City

Why Cheap Oil Doesn't Stop the Drilling – Bloomberg

Why Cheap Oil Doesn't Stop the Drilling<p>Why Cheap Oil Doesn't Stop the Drilling<p>Why Cheap Oil Doesn't Stop the …

Oil

UAE Diversified, Can Handle Low Oil Prices - Abu Dhabi Crown Prince

Monday 09 February 2015<p><i>Courtesy: Dubai Media Office on Twitter</i><p>The UAE is focussing on diversifying its economy and can ride out the recent drop in …

Saudi minister says oil demand is growing, markets calm

Saudi Arabia's Oil Minister Ali al-Naimi said on Wednesday that oil demand is growing and markets are calm, in some of his first public comments …

Emerging-Market Currencies Tumble on Growth, Stimulus Prospects

Yuan, rupiah and real hit multiyear lows while Turkish lira slumps to record<p>Currencies in some of the world’s biggest emerging markets tumbled Friday, as investors fret over slowing economies and signals that central banks are willing to take extra stimulus measures to juice up growth.<p>In Asia, …

Markets

Yemen on brink as Gulf Co-operation Council initiative fails

<b>As the US, other Nato powers and neighbouring monarchies - the "Group of 10" - shut down their embassies in Sanaa and evacuated their diplomats earlier this month, the UN Security Council unanimously approved Resolution 2201.</b><p>It called on Houthi rebels to surrender their military gains and everyone …

Texas shale boom town ‘hurting bad’ in oil slump | Financial Times

Two young women circulate around a bar in Carrizo Springs, drawing stares and chatting to oilfield workers. Moving among the boom-town cast of …

Das Ende des norwegischen Öl-Märchens

Seite 2 von 2:<p>„Ein Land wie Norwegen muss da durch“<p>Billiges Öl - preiswerte Aktien<p>INDIKATION WTI CRUDE LIGHT OIL<p>-0,23 -0,34%<p>+67,58€<p>7. September 2018, …

Oil and Gas: Navigating the Changing Landscape

×<p>Understanding the current state of affairs in the oil and gas (O&G) industry is paramount to decision makers of entities that operate in the exploration and production (E&P) sector. Much has occurred in the industry over the past year. Following is an excerpt from Deloitte’s Oil & Gas Spotlight, …

Iraq and Kurdistan Agree on Oil Deal

Move Signals End to a Yearslong Political Impasse<p>BAGHDAD—The Iraqi government agreed Tuesday to an oil export deal with the northern region of Kurdistan, signaling an end to a yearslong political impasse that has nearly bankrupted both governments and hobbled efforts to fight the Islamic State …

Middle East

Tax Disputes Flare as Africa Fights ‘Secret’ Oil Deals

From Guinea to Uganda, Clashes Slow Key Projects<p>Sitting before a parliamentary oversight committee last month, two top executives from Tanzania Petroleum Development Corp. declined to reveal details of billions of dollars in gas contracts that the state company had signed with foreign investors. …

China Considering Mergers Among Its Big State Oil Companies

Government economic advisers are conducting a feasibility study of options for consolidation<p>BEIJING—China’s leadership is exploring ways to consolidate the country’s oil industry, creating new national champions able to take on the likes of Exxon MobilCorp. and operate more efficiently as prices …

Oil & Gas Industry

Low Oil Price May Stifle Deepwater Drilling And Oil Sands But Not Fracking

Saudi Arabia and OPEC may have dropped oil prices to stifle production in the U.S. and other competing nations, but they didn’t drop it enough to stifle the U.S. oil and gas boom from fracking, a senior expert with McKinsey and Company said in Chicago.<p>“If the Saudis think they’re going to put U.S. …

Oil Sands

The Japanese Aren't Benefiting from Cheaper Oil - The Yen Is the Reason Why

Spare a thought for Japan -- the nation imports almost all its energy and stood to make windfall gains from the collapse in oil prices, only to see …

OPEC Let U.S. Become the New Swing Producer: Jafar – Bloomberg

OPEC Let U.S. Become the New Swing Producer: Jafar<p>OPEC Let U.S. Become the New Swing Producer: Jafar<p>OPEC Let U.S. Become the New Swing Producer: Jafar<p>…

Middle East

Oil drops as gain in Saudi Arabian output boosts OPEC production

BEN SHARPLES<p>NEW YORK and LONDON (Bloomberg) -- Oil fell after the first monthly gain since June as Saudi Arabia stepped up production, lifting OPEC’s …

Natural Resource Governance Institute

Trading companies, exchanges, refiners, end consumers (including banks) and the global gold trading hubs which regulate them have an opportunity to …

CreateSpace

Oil price fall exacerbated by hedging, energy firms' debt: BIS

LONDON (Reuters) - Oil’s dramatic price fall since mid-2014 cannot be explained by changes in production and consumption alone, with hedging and energy firms’ high debt levels also playing a part, the Bank for International Settlements (BIS) said on Saturday.<p>Oil tankers are seen parked at a yard …

It’s time Canada did some long-term thinking about oil

If lower oil prices are as bad for Canada's economy as rate-cutting Bank of Canada Governor Stephen Poloz insists, the central bank might consider assessing the risks to the economy in a world where constraining carbon emissions becomes less of an abstract notion and more of a daily reality. For a …

Oil

How entrepreneurship boosts inclusive growth

It was an unusual place to be inspired. In the back of a taxi, winding through Buenos Aires, a seemingly innocuous conversation sparked a two decade …

Only America will benefit from plunging oil prices

A ccording to a report from credit rating agency Moody's, the global economy will not benefit from falling oil prices in neither this year or the next.<p>Defying a report from the National Institute of Economic and Social Research (NIESR) this week, Moody's kept its growth forecasts for the G20 …

Weak oil price will help to keep UAE inflation low, says economy minister

The weak oil price should help to contain inflationary pressure in the UAE this year, the economy minister said.<p>Sultan Al Mansouri expects inflation …

Crude Oil Prices

Oil prices at $60 is 'new normal', says Colombian finance minister

Mauricio Cárdenas, Colombia's finance chief, says country is adjusting to new era of lower prices<p>The era of $100 oil is over, according to Colombia's finance minister, who said the country was preparing for a "new normal" of between $60 and $70 per barrel.<p>Mauricio Cárdenas said Colombia, which …

Falling Oil Prices Will Not Affect UAE Banks’ Growth- ENBD CEO

Wednesday 18 February 2015<p>Healthy levels of government spending will insulate UAE banks from any negative effects of the oil price fall, Emirates NBD …