Thursday, November 10, 2016
Maritime News

IEA Sees Global Oil Glut in 2017 if No OPEC Cut

By Amanda Cooper LONDON, Nov 10 (Reuters) – The oil market surplus may run into a third year in 2017 without an output cut from OPEC, while escalating

November 10, 2016
Total Views: 0

Monday, August 29, 2016

Exploratory Drilling Hits 70-Year Low Water Mark

by Mikael Holter (Bloomberg) Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year,

August 29, 2016
Total Views: 66

Monday, August 17, 2015
Maritime News

Oil Just Fell to Its Six-Year Low

  By Mark Shenk (Bloomberg) — Oil closed at the lowest level in more than six years in New York amid speculation that demand may slip as economies

August 17, 2015
Total Views: 3

Tuesday, June 2, 2015

What’s OPEC Going to Do With Iran’s Million Barrels a Day?

by Anthony Dipaola & Grant Smith (Bloomberg) Just when it looked like OPEC was winning the war with U.S. shale-oil drillers, a new front is opening up

June 2, 2015
Total Views: 1

Tuesday, February 17, 2015

Oil Rises as OPEC Producers Signal Optimism Over Market Recovery

Oil extended three consecutive weekly gains in London as OPEC ministers signaled their confidence that the market can sustain its

February 17, 2015
Total Views: 2

Sunday, December 21, 2014
Khurais Megaproject

Saudi Arabia Confident in Oil Rebounding on Global Growth

Saudi Arabia, the world’s largest oil exporter, is confident that crude prices will rebound with global economic growth boosting

December 21, 2014
Total Views: 10

Thursday, December 18, 2014

Saudi Arabia and OPEC Unlikely to Give Up Oil-Market Share

Saudi Arabia and OPEC would find it “difficult, if not impossible” to give up market share by cutting crude production, the country’s oil minister

December 18, 2014
Total Views: 1

Thursday, December 4, 2014
Maritime News

Shipping Can Thank OPEC for $29 Billion Savings: Chart of the Day

By Naomi Christie Dec. 4 (Bloomberg) — When OPEC sent oil prices tumbling last week by deciding not to tackle a global glut of crude, shipping companies

December 4, 2014
Total Views: 0

Wednesday, December 3, 2014
oil price brent crude world supply energy

Brent Crude Trades Near $70 as Traders Assess OPEC Decision

Brent crude traded near $70 a barrel, erasing earlier gains as traders evaluated the impact of OPEC’s decision to maintain output at last week’s meeting.

December 3, 2014
Total Views: 0

Sunday, November 30, 2014
fuel storage tanks
Maritime News

China Winning in OPEC Price War as Oil Hoarding Accelerates

China is emerging as the winner from OPEC’s battle with rival oil producers as the world’s biggest energy consumer stockpiles

November 30, 2014
Total Views: 4

Friday, November 28, 2014
ras tanura crude oil terminal saudi aramco

Oil Steadies After OPEC Triggers Biggest Slump in Three Years

Brent crude steadied after OPEC triggered the biggest one-day plunge in three years yesterday by failing to cut its output in response to a glut. Oil in New

November 28, 2014
Total Views: 1

Thursday, November 27, 2014

Crude Trades at Four-Year Low as OPEC Seen Resisting Supply Cuts

Brent and West Texas Intermediate crudes fell to the lowest in more than four years amid speculation that OPEC will refrain from cutting production limits at

November 27, 2014
Total Views: 2

Monday, May 12, 2014
al naimi saudi oil minister

Saudi Arabia Willing To Supply More Oil In Case Of Shortage

Saudi Oil Minister Ali al-Naimi said on Monday the world's top oil exporter was willing to supply markets with more crude if rising tensions between Russia and

May 12, 2014
Total Views: 3

Thursday, December 12, 2013
drilling texas land rig

ExxonMobil: North American Shale to Exceed Most OPEC Nations’ Output in 2015

Oil production from North American shale fields will outpace every member of OPEC except Saudi Arabia within two years, according to ExxonMobil Corp., the

December 12, 2013
Total Views: 6

Tuesday, January 29, 2013
opec headquarters vienna

Tanker Glut Worsening as OPEC Makes Huge Cut in Oil Production

(Bloomberg) — OPEC’s deepest output cut since the global recession in 2008 is creating the biggest surplus of oil tankers in the Persian Gulf in at

January 29, 2013
Total Views: 0

Thursday, November 8, 2012
opec logo

OPEC to Increase November Oil Shipments by 640,000 Barrels Per Day

Oil shipments from the Organization of the Petroleum Exporting Countries are to increase by 640,000 barrels a day in the four weeks to Nov. 24, compared with

November 8, 2012
Total Views: 21

Tuesday, June 12, 2012

OPEC Oil Production at Highest Levels Since 2008

(Dow Jones) OPEC Tuesday disclosed that its members continue to pump oil at levels not seen since 2008 as the most recent production figures show the

June 12, 2012
Total Views: 1

Monday, June 11, 2012

Tanker Market Update – OPEC Production Boosts VLCC Rates [VIDEO]

The latest update from Teekay’s Market Analyst Christian Waldegrave on the global marine tanker markets, including a look at how OPEC oil production

June 11, 2012
Total Views: 0

Friday, June 1, 2012
opec headquarters vienna

Despite Falling Oil Prices, Production Rates Remain High – OPEC

LONDON (Dow Jones)–OPEC producers, including from the Gulf, said Friday they saw no immediate need to cut production despite oil prices dropping below

June 1, 2012
Total Views: 13

Sunday, May 13, 2012
Saudi Oil Minister Ali al-Naimi

Saudi Oil Minister Aims to Get Brent Crude Prices Down to $100

ADELAIDE, Australia (Dow Jones)–Saudi Arabia would like the price of benchmark Brent crude oil to fall to US$100 a barrel, and expects global crude

May 13, 2012
Total Views: 7