As US oil output increases, a threat to oil prices sustainability above $50/bbl grows. Last week, US crude oil output increased by 79,000 bbl/day to reach 9,502,000 bbl/d.…
Oil & Gas
As Baker Hughes reported a decline in US oil rig count by 5 rigs to 763 this week, oil price jumped by more than 3 percent closing the…
What is the main reason for the current downturn in the oil and gas industry? The first answers that come to mind are: Shale oil, OPEC’s decision not…
Unless Libya and Nigeria join the other OPEC and non-OPEC countries in cutting their oil output, and OPEC puts strict measures to ensure the compliance of the participating…
- Insight & Analysis
Supermajors’ Cost Index: Measuring Development Cost Efficiency of Oil and Gas Companies
1. Why We Are Looking at Development Cost The collapse in oil price since mid-2014 has affected the oil and gas industry more deeply than many industry participants…
Why the Oil Price Matters Knowing the future price of oil is important for countless people and for countless reasons. As an individual, if you knew the oil…
Oil Prices Fall on Iraqi Comment & A Spike in US Dollar Crude oil prices fell below the market threshold of $50 per barrel this week as expected…
By now, everyone knows that OPEC has settled on the outline of an agreement to cut its oil production for first time since the height of the global…
News of OPEC’s output freeze talk helped oil prices rally spectacularly last week One of the key factors that supported oil prices recovery in the last few weeks…
Is there really a positive side for low oil prices? Yes there is, it is just that not many people can read between the lines and look at…
It is over a year now since OPEC declared its market-share cold war against shale oil producers back in 2014, yet the cartel still can’t declare “mission accomplished”…
Everyone in the oil industry wants to see high oil prices back, because everyone wants to make money. Oil producing countries want to make higher revenues, oil companies…