OPEC ministers maintain oil supply cuts for price recovery
Ministers of the Organisation of Petroleum Exporting Countries (OPEC) have decided to maintain cuts to oil supplies in coming months.
ByOPEC
Commentators react to US crude oil trading at negative prices
In the last 24 hours, the price of a US oil contract reached negative figures, as investors pushed the price…
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Russia feuds with OPEC countries as oil price freefall continues
Members of the Organisation of the Petroleum Exporting Countries (OPEC) have agreed their preferred level of cuts, but Russia does…
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Brazil plans to increase production without joining OPEC
Brazil’s energy and mines minister Bento Albuquerque said Brazil has no official plans to join the Organization of Petroleum Exporting…
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Offshore Technology Focus: Issue 66
In this issue: Electrifying the Johan Sverdrup oil field, Nova Scotia’s fight for drilling, after Piper Alpha, the decommissioning burden,…
ByOil prices stable due to fall in US rig count
Oil prices have remained steady due to fall in US rig count and on increasing expectations that Saudi Arabia would…
Oil prices fall as another storm heads towards Gulf of Mexico
Oil prices have fallen as traders have remained cautious over a tropical storm Nate, which is advancing towards the Gulf…