With Iran squeezed out, US oil takes on new rivals in Europe
When the global oil trading industry gathered for its biggest annual meeting in Asia in September last year, US oil producing companies came well prepared. US giant Exxon Mobil and…
Physical oil market sends warning to Opec: Rout might not be over
As Opec watches a near 15 percent drop in the oil price in three weeks, important indicators in the physical crude market are flashing signals that the decline might be…
Asian oil demand to hit record, but industry can’t take eyes off Middle East
Asian oil demand will hit a record in April just as global crude values are lifted to levels not seen in three years by Middle East supply risks and top…
The great Russian oil game in Iraqi Kurdistan
Last October, at the height of a political crisis in Iraq's Kurdistan region, a letter arrived at the Iraqi oil ministry in Baghdad from Igor Sechin, head of Kremlin oil…
Oil and gas outlook – II
In the part-I of this article, we discussed the long-term future of oil due to the projected emergence of Electrical Vehicles and a very significant elimination of fuel vehicles in…
How has war affected Syria’s oil and gas sector?
Syria's eight-year war has seen the Damascus regime lose control of key oil fields and caused state hydrocarbon revenues to plummet by billions of dollars. Weak production has forced President…
LNG vs furnace oil: what to do?
LNG has come to stay and there has been an increase its market share due to falling local gas supplies and lack of new significant discoveries. Furnace oil has not…
Furnace oil consumption
All of Pakistan's refineries could be forced to shut down if the problems related to the slow off-take of furnace fuel oil are not resolved on an urgent basis. The…
Physical oil market sends warning to Opec: Rout might not be over
As Opec watches a near 15 percent drop in the oil price in three weeks, important indicators in the physical crude market are flashing signals that the decline might be…
Oil majors experiment with technology to weather crisis
Oil majors including Statoil, Shell and Chevron are experimenting with various technologies, from drones and drill design to data management, to drive down costs and weather a deep downturn.Crude prices…
