Forecast
News
July 14, 2015
Driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, the world market for oil field specialty chemicals reached $25 billion in 2014, but significant declines in oil price have dampened the demand outlook for oil field chemicals.
News
July 13, 2015
The plight of the Umeadis and others who haven’t received wages has hit everything from local shops to the banking industry in Africa’s biggest economy, in which about a third of the formal workforce of 11 million is employed by the state, according to Renaissance Capital.
News
July 13, 2015
Speculators retreated from bullish oil bets at the fastest pace since 2012 on mounting concern that economic turmoil in Europe and Asia will prolong a supply glut.
News
July 13, 2015
Saudi Arabia told OPEC it raised oil production to a record as the organization forecast stronger demand for its members’ crude in 2016.
News
July 06, 2015
Crude tumbled the most in five months amid mounting concern about economic stability in Europe and Asia.
News
July 01, 2015
Cenovus Energy has reached an agreement to sell Heritage Royalty Limited Partnership (HRP) for gross cash proceeds of approximately $3.3 billion.
News
June 30, 2015
Russia’s plan to build a new $15 billion pipeline to Turkey is at risk of delay because of a fight over gas prices, according to people with knowledge of the matter.
News
June 30, 2015
Oil held losses below $60/bbl as investors weighed the prospects of Iran increasing crude exports in an oversupplied market.
News
June 09, 2015
The Canadian Association of Petroleum Producers (CAPP) cut its 2030 oil production forecast by 17% as capital expenditures slipped after crude prices tumbled.
News
June 04, 2015
Global natural gas use will rise at a slower pace than previously forecast amid lower-than-expected growth in Asian demand, said the International Energy Agency, cutting its outlook for a third consecutive year.
News
June 03, 2015
Discussion of methane leakage at the World Gas Conference in Paris came in the midst of an industry offensive by the biggest oil companies to promote natural gas as the cleanest fossil fuel.
News
June 03, 2015
Royal Dutch Shell Plc sees oil prices rising because supply from shale drilling in the U.S. won’t be enough to satisfy growing global demand.
News
June 01, 2015
Norway’s $890 billion sovereign wealth fund, built on more than four decades of extracting crude from the North Sea, was ordered by lawmakers to limit holdings of companies that produce or burn coal.
News
June 01, 2015
The heads of Europe’s largest oil and gas companies have joined together for the first time to call for governments to agree to carbon pricing at a United Nations-led summit on climate change at the end of the year.
News
May 29, 2015
The biggest U.S. exchange-traded fund that tracks oil is heading for the largest two-month outflow in six years, raising concern that crude’s 30% rally may stall.
News
May 29, 2015
The U.S. has a more than 50% chance of lifting the ban on most crude oil exports within the next two years, potentially narrowing the gap between domestic and international oil prices, according to Bank of America Corp.
News
May 20, 2015
Ardent co-operation across the UK oil and gas industry which draws on the experience of others is important in helping to contain inflationary pressures and achieve a sustainable future for the UK Continental Shelf (UKCS), a London audience heard on May 19, at an Oil & Gas UK briefing, sponsored by Costain Upstream Ltd and Herbert Smith Freehills.
News
May 15, 2015
Oil supply from both OPEC and U.S. shale drillers is set to expand later this year, preventing further gains in prices, according to hedge fund Manager, Pierre Andurand.
News
May 12, 2015
Oil prices are set to slide as their rally to the highest level this year threatens to prolong a global glut, according to Goldman Sachs Group Inc.
News
April 15, 2015
NEW YORK (Bloomberg) -- The U.S. government said for the first time that the nation will become a net energy exporter within 15 years as the shale boom bolsters crude oil production.
News
April 15, 2015
Despite major cost reduction measures, first-quarter earnings for supermajors are expected to be the weakest in recent memory, according to Douglas-Westwood's DW Monday.
