10.02.2015
- A little background: over the past seven-plus months, the price of a barrel of oil dropped from $107 to less than $50. This took prices to 2009 levels and surprised just about...
16.01.2014
- Under the Surface of the U.S. Boom - Innumerable articles have been published around the world on the U.S. shale boom. In addition, its immediate consequences for Gulf Cooperation...
08.11.2012
- OPEC acknowledged for the first time on Thursday that technology for extracting oil and gas from shale is changing the global supply picture significantly, and said demand for...
30.08.2012
- OPEC crude oil output rose in August as Iranian shipments climbed slightly from its lowest in more than two decades and because of higher exports from Angola and Nigeria, a Reuters...
12.07.2012
- World oil demand growth will slow in 2013 from the already weak 2012, OPEC said on Wednesday, citing Europe's debt worries, a faltering U.S economic recovery and deceleration of...
11.06.2012
- OPEC's president signalled on Monday it could act to reduce a glut of oil that has knocked the price down towards double digits, but said it was unlikely to set individual country...
29.05.2012
- OPEC output in May has hit its highest since 2008 as Saudi Arabia maintained high production rates despite a drop in prices and Iranian shipments did not fall substantially further...
09.03.2011
- South African petrochemical group Sasol said it had hedged about 30% of its South African synthetic fuels and West African crude oil output against a fall in oil prices. Sasol said...
