Date: 17 July 2018 Saudi offer extra crude volume in Asia as OPEC leader plans high output Saudi Arabia is offering extra oil in addition to its normal supply to some of the buyers in Asia as the OPEC leader plans to increase output, heeding to the call of U.S President to increase the oil...Continue Reading

Date: 16 July 2018 Woodmac: OPEC will continue to be a key player in oil market till 2040 According to a report by Wood Mackenzie, OPEC will continue to be an important player in the oil market until 2040. The global natural resources consultancy also reported that it expects continued growth in production through the...Continue Reading

Date: 16 July 2018 Tidewater Inc. is all set to expand its territory to the North Sea basin in UK where a 30% rise in the prices of oil since 2016 end has led to increased rates for operators. Tidewater Inc. announced that it was going to take over GulfMark Offshore Inc. to create a...Continue Reading

Date – 7/16/2018 Iraq says oil output remains unchanged in the face of protests   Residents in the southern province of Basra started protests last week asking for employment at the major oil fields in the country which are run by international players such as Lukoil PJSC and ExxonMobil Corp. Iraq has seen regular protests...Continue Reading

The future of major oil companies is now dependent on the fate of natural gas more than ever before. Major companies like BP and Royal Dutch Shell have already hiked their gas output in the past years. Natural gas is considered the best alternative as it offers a long-term growth in demand due to the...Continue Reading

Saudi Arabia, the world’s largest exporter of oil, has put forth several plans for a hike in the production of oil to the other OPEC members, as it aims to bridge the gap with Russia. Saudi Arabia has put up different scenarios to raise the oil output including a two-step hike to smoothen the effect...Continue Reading