OPEC

Oil Prices Continue To Rise With Demand

BG Group PLC’s shareholders on Thursday signed off on Royal Dutch Shell PLC’s roughly $50 billion takeover bid for the company. [WSJ] The Senate has started debating its first comprehensive energy legislation since the George W. Bush administration, a bipartisan measure meant to update the nation’s power grid and oil and gas transportation systems. [The… Keep reading →

Oil and Gas Companies Utilize Restructuring Strategies To Navigate Industry In Flux

Prices Help Drive Increase of Midwest Oil Exploration

Precipitous commodity price declines that began in mid-2014 continued to disrupt the oil and gas industry in 2015, outlasting the expectations of many analysts.

Texas Oil Companies Work To Adapt To Falling Oil Prices

Energy firm E.On has announced a 5.1% reduction in its standard gas price for residential customers. [BBC News] In an AP interview, Iran’s foreign minister is decrying what he calls the United States’ “addiction to coercion” with its new sanctions against Iran over ballistic missile tests. [ABC/AP] The oil price slump below $30 barrel is… Keep reading →

Kuwait Promises To Increase Oil Production In Case  Of War

Saudi Arabia stood accused on Tuesday of trying to wreck the Paris climate summit in order to protect its future as one of the world’s largest oil producers. [The Guardian] The American Legislative Exchange Council has suffered the loss of another major corporate sponsor with American Electric Power announcing it will no longer provide the… Keep reading →

Markets Surge Into Positive Gains For Year

The latest attempt by Saudi Arabia to kill off the threat from US shale oil has sent oil prices slumping to their lowest level since the depths of the global recession seven years ago. [The Guardian] New congressional legislation to empower nuclear energy through R&D infrastructure in a way that benefits private sector investment into advanced… Keep reading →

Tamar, The Natural Gas Production Platform Off The Israeli Coast, Is To Begin It's Natural Gas Production

A new Israeli diplomatic office in the UAE is a rare public indication of a broader trend. Last week, the United Arab Emirates gave Israel formal permission to establish a diplomatic office in Abu Dhabi under the auspices of the International Renewable Energy Agency (IRENA), a multilateral body with 144 member states. Although officials from… Keep reading →

G20 Leaders Meet In St. Petersburg For The Summit

To reap the benefits and avert the dangers of Moscow’s latest developments with Iran, Washington and Europe should adopt a strategy that allows them to cooperate on Syria and antiterrorism efforts, while continuing pressure on issues such as the Ukraine conflict and S-300 deliveries to Tehran. On November 23, Russian president Vladimir Putin opens a… Keep reading →

LIBYA-ENERGY-OIL

OPEC has maintained its forecasts for oil demand growth and supply in its latest report, a precursor to its highly-anticipated meeting in December. [CNBC] Vacuum cleaner manufacturer Dyson has lost its bid to change European energy labeling laws. [BBC News] Coal from Adani’s proposed $16bn Carmichael project will create annual emissions similar to those from… Keep reading →

Global Issues Impact Oil Price

On stage only a short time after the United Arab Emirates said it would increase its oil production despite low worldwide prices, the oil and gas minister of neighboring Oman offered a different opinion. [US News] Thousands gathered across Israel in protest to speak out against PM Benjamin Netanyahu’s natural gas deal with US energy… Keep reading →

Oil-Tanker-Buildup-at-Basra-Oil-Terminal

The last couple of years have been extremely volatile for oil, and despite the price jumping from the mid $40s to $60 a barrel in Q2, the value collapsed to $50 at the beginning of Q3. At one point, oil fell below $40</a>, according to the price index on Nasdaq, encouraging key Middle Eastern players… Keep reading →

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