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The last barrel

by turning CO2 into marketable industrial products (Saudi Aramco/Hawiyah). With many international...

Pioneer’s CEO sees shale output flat for the foreseeable future

HOUSTON (Bloomberg) --One of the top producers in America’s shale patch doesn’t see drilling picking up significantly even after this week’s surprise Saudi pledge to curb production sent prices surging. “I really don’t see much increase in the Permian basin or the U.S. shale over the next several... this week for the first time since February after Saudi Arabia said it will cut output in the next two...

India presses OPEC to drop “artificial cuts” that boost oil prices

the Organization of Exporting Petroleum Countries and its partners to pump more oil. In January, when Saudi..., led by Saudi Arabia and Russia, will agree to an increase in production, the pace of recovery...

Russian oil production rose in March under higher OPEC quota

by the same amount in February, and will grow another 130,000 barrels a day in April. Saudi Arabia... in that is the phased rollback of Saudi Arabia’s voluntary cut over the next three months. Even though Europe...

OPEC’s major customer decries “confusion” caused by oil supply cuts

(Bloomberg) --Oil producers cheered the surprise supply curbs unveiled by OPEC kingpin Saudi Arabia this month, but India -- a major consumer -- was less thrilled. The country’s oil minister and the Organization of Petroleum Exporting Countries’ top official publicly jousted over the cartel’s..., and an unexpected cut of 1 million barrels a day from Saudi Arabia. The policy “contradiction” is “creating...

ADNOC plans to raise $1.6 billion via stock and bond sales

such as Saudi Arabia and Oman, is seeking to use money from sales of energy assets to build new... billion dirhams ($16.5 billion), is expanding internationally with outlets in Saudi Arabia...

Saudis warn an oil price surge could follow reduced global crude exploration

(Bloomberg) --A new supercycle in global oil prices could be triggered by a lack of new investments in exploration, Saudi Arabia’s energy minister said. Prince Abdulaziz bin Salman, who’s been warning speculators of the hazards of bearish bets, told the Robin Hood Investors Conference on Wednesday... to an audience of hedge funds in rare move for a Saudi royal. Previous oil ministers tended toward closed...

OPEC shocks oil markets with plan to keep crude output constrained

LONDON (Bloomberg) -- Saudi Arabia and its OPEC+ allies shocked the oil market with a decision... worrying about tightening the market too much. “I don’t think it will overheat,” Saudi Energy... and Kazakhstan. Saudi minister went one step further, saying the additional 1 million barrel-a-day... prices will dampen the tentative global recovery. But the Saudi energy minister is adamant OPEC+ must...

Addressing the re-entry problem of barefoot multi-laterals on coiled tubing

, but most significantly in the UAE, Saudi Arabia and Alaska, USA, with many papers published detailing...

Oil prices drop on emerging OPEC+ divide over production cuts

after most members, including Saudi Arabia, opposed Russia’s proposal for another output increase... Russia and Saudi Arabia raises the concern that OPEC+ “will emerge without a clear consensus... at the end of the tunnel” for the oil market, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman...

Oil gains as OPEC+ talks wobble over February disagreement

. Discussions will restart on Tuesday after a majority of members, including Saudi Arabia, opposed Russia... were diametrically opposed, with Saudi Arabia arguing to rescind the 500,000-barrel a day supply... news: Saudi Arabia boosted its crude shipments last month to the highest since April due...

Strengthening dollar stalls oil price rally’s momentum

anticipated. Last week, Saudi Arabia pledged deeper output cuts, a move that Goldman said will bring... may be overdone Saudi Arabia’s pledge last week for a unilateral output cut of 1 million barrels... power supply, including the pumping station that delivers oil to Russia’s pipeline system. Saudi...

Canada idles oil sands as OPEC calls for greater unity among producers

barrels a day of output in April but decided to wait. The Saudi-led alliance closely monitors other.... “The U.S., Saudi Arabia, Russia, Canada, Brazil and other countries well-endowed with hydrocarbon reserves -- we need to work with each other, collaboratively,” Saudi Energy Minister Prince...

Oil prices level near $70 on mixed demand outlook

with a push above $70 a barrel after attacks on Saudi oil infrastructure, before retreating. While... for next month from Saudi Arabia as the producer extends its unilateral output cuts. Three refiners... freeze. Since Saudi Arabia stunned the global oil market with a large cut in crude production in January...

Oil prices slide on OPEC output call and surging India virus cases

-- such as the uptick in Indian cases -- attest to a complex global picture. Saudi Energy Minister Prince... Futures Abu Dhabi exchange. Saudi Arabia on Sunday raised prices for May oil shipments to Asia. Aramco... will be cut by 10 cents. The move hinted at Saudi Arabia’s confidence in Asian demand recovering further...