Why oil prices can’t stay low for much longer
For many oil companies, the current downturn in oil is a back-breaker, but some have adapted to the falling prices and are fighting each day to survive and benefit from the higher oil prices that lay at the end of this dark tunnel.
10 energy surprises in 2017
It’s pointless to list the obvious. For oil and gas, pundits know that things like OPEC compliance, U.S. rig counts, pipeline angst, and Chinese consumption are on a long list of standard items that are obligatory to parse from our cluttered news feeds.
Turkmenistan takes tough measures: Analysis
Turkmenistan’s reported decision to cut gas supplies to Iran highlights 2 massive issues: the country’s lack of hard cash and the problems of a landlocked producer trying to sell its gas in a buyer’s market.
Oil falls on China concerns
Oil prices fell on January 13, 2017, and were on track to end the week lower on lingering doubts over the extent of Opec cuts, with sentiment worsened by concerns over the economic health of the world’s 2nd-largest oil consumer China after it reported the steepest falls in overall exports since 2009.
Analysis: Indian refiners set sights on Russian crude oil
2 of India’s largest refiners, Reliance and the state-owned Indian Oil Corporation, are setting their sights on buying Russian Urals crude as the key export grade shows signs of competing with some Middle Eastern sour barrels, market sources told S&P Global Platts.
Why Saudi Arabia is easing taxes on its state oil company
The Saudi government has issued a royal decree overhauling the corporate income tax for oil and natural gas companies that will be retroactively applied to the beginning of the year.
The world’s top oil consumers
No doubt when faced with the question «Who’s the biggest oil guzzler in the world?» one would immediately think about the U.S. or China. Or perhaps India.
