News

$50 Billion Kashagan Oil Development Isn't Working
Kashagan is one of the world's most ambitious oil developments and the biggest new field in decades. But despite $50 billion in investment by some of the world's largest oil companies and the ...
Saudi plays short and long game with OPEC+ production gamble
Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today ...
Asharq Al-Awsat4d
Oil Rises as Tight Market Supports despite Big OPEC+ Hike
Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the ...
Chevron's Tengiz Project Adds Scale, Cash Flow and Reach
Chevron's $48B Tengiz expansion adds 260K barrels/day, boosting cash flow and deepening its Eurasia energy foothold.
OPEC+ is pumping more oil, but is it needed and at what price?
Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...
Oil Prices Up; Strong Demand Outweighs Surprisingly Big OPEC+ Output Hike
HOUSTON (Reuters) -Oil prices rose nearly 2% on Monday as signs of strong demand more than offset the impact of a higher-than ...
Eight OPEC+ nations to boost crude oil production in August
The eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in ...