Tag Archive

Does Oil Prices really have to be high?

Does Oil Prices really have to be high?

May 22, 2018 No Comments

The benefits of Oil prices rises to corporate entities and oil producing countries seem to undermine the devastating effects on other economies. We have been consistently told that high oil prices promotes technological advances and further exploration for the oil companies as they are able to spend more on on research and development. The recent […]

Did Trump Just Kill The OPEC Deal?

Did Trump Just Kill The OPEC Deal?

May 10, 2018 No Comments

Trump’s decision to kill the Iran deal could put an end to the OPEC agreement. As has been widely discussed in the aftermath of President Trump’s decision to withdraw from the Iran nuclear deal, the return of sanctions on Iran could disrupt oil shipments, with estimates ranging from essentially nothing to as much as 1 […]

IMF Staff Concludes 2018 Article IV Visit to Oman

IMF Staff Concludes 2018 Article IV Visit to Oman

April 19, 2018 No Comments

An International Monetary Fund (IMF) team led by Stéphane Roudet visited Muscat April 3-16 to hold the 2018 Article IV consultation discussions with Oman. At the conclusion of the visit, Mr. Roudet made the following statement: “Non-hydrocarbon economic growth is estimated to have picked up modestly in 2017 to about 2 percent, from 1.5 percent […]

Oil Prices Steady

Oil Prices Steady

March 14, 2018 No Comments

The price of OPEC basket of fourteen crudes stood at $62.15 a barrel on Tuesday, 13 March 2018 compared with $62.53 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), […]

Sudan and South Sudan

Sudan and South Sudan

March 5, 2018 No Comments

South Sudan gained independence from Sudan in July 2011. Although most of the oil production capacity in those two countries is in South Sudan, the country is landlocked and remains dependent on Sudan’s export pipelines and port. Civil unrest, disagreements over oil revenue sharing, and border disputes have curtailed oil production and investment in both […]

Should OPEC And U.S. Shale Collaborate For Survival?

Should OPEC And U.S. Shale Collaborate For Survival?

March 1, 2018 No Comments

Oil and gas is a trillion dollar industry, and every actor within it, be it national oil companies, multinationals, independents or oilfield services companies, has a stake in oil and gas flourishing. And now these players face an existential question, how will the industry react to new challenges in the shape of electric vehicles and […]

Milaha Reports Net Profit of QAR 470 million for Full Year 2017

Milaha Reports Net Profit of QAR 470 million for Full Year 2017

February 26, 2018 No Comments

Qatar Navigation (Milaha) Q.P.S.C. announced today its financial results for the twelve months ended December 31, 2017. Milaha delivered a net profit of QAR 470 million for the full year of 2017. Operating revenues decreased by 2% to QAR 2.491 billion for the twelve months ended December 31, 2017, down from QAR 2.551 billion for […]

Noble Announce Gas Sales Agreements for Export of Gas to Egypt

Noble Announce Gas Sales Agreements for Export of Gas to Egypt

February 19, 2018 No Comments

Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or the “Company”) announced that it has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt. These agreements, one for natural gas from Leviathan and one for Tamar, each provide for total contract […]

Energy Stocks Face Tough Sell-Offs

Energy Stocks Face Tough Sell-Offs

February 6, 2018 No Comments

A second day of low growth for energy stocks marks the sector’s worst Wall Street performance in 2.5 years, according to a new report by CNBC. The news comes as the Dow Jones industrial average fell by 1,175 points on Monday in a drastic market correction. Energy companies in the S&P 500 dropped 4.4 percent […]

Most Big Banks Are Now Bullish On Oil

Most Big Banks Are Now Bullish On Oil

February 6, 2018 No Comments

This time last year, all the big banks that OPEC and Russia took by surprise a month earlier by agreeing to an oil production cut were wondering just how long the agreement would last. The overwhelming opinion was one of skepticism. The deal would break apart in a few months, analysts said, or producers would […]

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