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And So It Begins.... Repsol Says No More Oil, Gas
Spain’s Repsol says it will stop pursuing production growth in its upstream oil and gas division and will unveil a plan in June that would...- Rodent Replied
- 1 reply
- 1,468 views
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EIA Inventory Data (Wednesdays)
Welcome to the EIA inventory data thread. This thread will be updated weekly and will serve as the basis for all relevant conversation about...- eia
- crude inventory
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- Rodent Replied
- 30 replies
- 16,086 views
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Oil inventories in OECD below 5-year average according to IEA
Worth mentioning - OECD oil and products inventories are on level of March 2015 -2819 milions of barrels and actually symbolic 1 milion barrels...- Tomasz Replied
- 0 replies
- 1,375 views
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New fuel options for ships
The International Maritime Organisation's (IMO) has ruled to reduce the sulphur cap for bunker fuel from 3.5% to 0.5% by 2020. The world merchant...- Guillaume Albasini Replied
- 0 replies
- 1,299 views
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PRefChem - the JV between Petronas and Saudi Aramco
A warm welcome to PRefChem the Joint Venture between Petronas and Saudi Aramco. Great news indeed! Elections were held in Malaysia last week, and there...- Tom Kirkman Replied
- 3 replies
- 2,530 views
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Oil Money Might Help Mahathir Fund Malaysia's Budget Without GST
Yep, this really shouldn't come as a surprise. By law, PETRONAS is subject to the control and direction of the Prime Minister. I've mentioned this before: I...- Tom Kirkman Replied
- 0 replies
- 1,378 views
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oil price
Networking in Calgary
With the improvement in oil price, I am looking to network with people that are looking to grow their business and opportunities in Calgary. Please...- Jessy Replied
- 1 reply
- 1,521 views
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Trouble for Iran Oil Industry Comes By Way of Insurance
Just like when the sanctions on Iran were lifted, insurance proved to be particularly rough on shipments. Even with some people willing to buy...- Rodent Replied
- 1 reply
- 1,341 views
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Baker Hughes Could Buy into Adnoc
Adnoc is in talks with BH for the acquisition of a minority stake in its drilling unit, which Adnoc listed last year, I think....- adnoc
- baker hughes
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- Marina Schwarz Replied
- 1 reply
- 1,588 views
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Domino Effect:Higher Gasoline Prices Restrain U.S. Retail Sales In April
U.S. retail sales rose moderately in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after...- franco Replied
- 3 replies
- 1,484 views
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Oil tumbles On Doubts About U.S. Sanctions on Iran
Oil prices dived as much as 3.5 percent on Tuesday as a media report fed doubts about whether U.S. President Donald Trump would withdraw...- Petar Replied
- 23 replies
- 10,109 views
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China's Crude Oil Futures Boom Amid Looming Iran Sanctions
A U.S. decision to reimpose sanctions on Iran is supporting China’s newly established crude oil futures, and may spur efforts to start trading oil...- rainman Replied
- 6 replies
- 3,694 views
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OPEC ‘Stands Ready To Support Oil Market Stability’
OPEC countries are prepared to step in to alleviate any market shortages together with other producers, the group the suggested on Monday, acknowledging recent...- damirUSBiH Replied
- 5 replies
- 3,830 views
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Saudi America? Uh, Nope.
The irrepressible Mike Shellman has another update over on his Oily Stuff site. Worth reading Mike's views if you follow the U.S. Shale Oil...- Tom Kirkman Replied
- 7 replies
- 6,097 views
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Iran Accuses U.S. Of Pushing Up Oil Prices
Um, a gentle reminder, I'm still accepting friendly wagers (such as the loser buys lunch) that the USA and Iran will normalize relations by the...- Tom Kirkman Replied
- 3 replies
- 1,738 views
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Malaysia political shift may impact Petronas' management: WoodMac
Malaysia political shift may impact Petronas' management: WoodMac As the article above mentions, I fully expect some changes to be made to PETRONAS - Malaysia's...- Tom Kirkman Replied
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- 3,521 views
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Pentagon vs GoM drilling
Pentagon warned that lifting the existing moratorium on oil and gas operations in the eastern Gulf of Mexico might have a negative effect on...- Ajan Bosnjacki Replied
- 10 replies
- 4,530 views
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Buy now or wait?
Heating oil jumped .10 overnight, and I normally wait to fill my 2 tanks until mid-summer (last July 1.89/gal). Do I buy now or...- Patriotsnjz Replied
- 2 replies
- 1,421 views
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Bahrain Sets Up $1 Bln Oil Investment Fund
The next logical step after the announcement of the huge discovery that may or may not be recoverable meaningfully.- oil
- investment
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- Marina Schwarz Replied
- 3 replies
- 1,677 views
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American Shale-oil Producers Are on a Roll
Surprisingly, they have not yet roiled the oil markets https://www.economist.com/news/business/21742124-surprisingly-they-have-not-yet-roiled-oil-markets-american-shale-oil-producers-are- Sanjay Replied
- 1 reply
- 1,263 views
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India is the next best Investment destination for National Oil Companies
India fulfills all three conditions: a large oil market, strong demand growth and lack of sufficient refining capabilities. India will lead the world in...- Harsh vardhan singh Replied
- 0 replies
- 1,369 views
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Iran Doesn't Want Higher Oil Prices
The Saudis want to keep tightening the market and pushing prices up and now Iran's come out with an official statement against higher oil...- iran
- saudi arabia
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- Kate Turlington Replied
- 39 replies
- 16,444 views
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What If There's No Oil Shortage from Iran?
I know this is far-fetched but: Japan, S Korea and the EU are already looking for ways to get an exemption from sanctions, so...- Marina Schwarz Replied
- 2 replies
- 1,418 views
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Russia Getting Rid of Dollar in Oil Trade?
Reiterating what Novak said last week, Putin now says it is looking to break free of the US dollar in the oil trade. Russia’s central...- Rodent Replied
- 1 reply
- 1,570 views
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Oil at $300?
The horror: if oil producers don't start investing in new production, crude could hit $300 in a few years, says Pierre Andurand. BUT if...- Marina Schwarz Replied
- 41 replies
- 30,047 views
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Conoco to Legally Seize PDVSA Assets - *Turnabout is Fair Play*
Karma has come home to roost for PDVSA, and for Venezuela's seizure-happy Socialist government. What goes around, comes around. Turnabout is fair play. Here's an Oil...- Tom Kirkman Replied
- 2 replies
- 1,509 views
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- Oscar Replied
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Venezuela's oil industry is collapsing. A report by CNN Money
http://money.cnn.com/2018/05/09/news/companies/venezuela-oil-industry/index.html- jose chalhoub Replied
- 1 reply
- 1,564 views
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Aramco Sits on 270 Billion Barrels
That's what two anonymous (of course) sources told Reuters as Aramco is being audited independently. Now I want to see their reserve replacement rate...- Marina Schwarz Replied
- 13 replies
- 5,762 views
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Norway Announces Oil Licensing Round in Mature Areas
Norway announced today the latest oil licensing round in mature areas on the Norwegian Continental Shelf. Norway seems to be scrambling to find new...- Rodent Replied
- 0 replies
- 1,062 views