Browsing Tag

oil

Should you buy the Saudi Aramco IPO?

Imagine waking up in your posh high-rise penthouse facing the Red Sea. Above the bustling city hangs a giant artificial moon that livestreams images from outer space. You call for an automated flying taxi, and it carries you to your job…

IEA draws gloomy oil demand outlook for 2020

The International Energy Agency (IEA) cut its oil demand forecast yet again, citing the weakening global economy. In its latest Oil Market Report, the agency predicts that demand will grow by 1 million barrels per day (mb/d) in 2019 and…

Oil prices tread water as market eyes global risks

Crude prices were little changed on Monday as traders weighed geopolitical risks against the impact of the Sino-U.S. trade war on the global economy, although last week’s better-than-expected U.S. jobs data offered some support. Brent…

EPC Contractors to come and talk at EPOCH 2019

Exploration and Production Offshore Congress Hub takes place on September 16-17, 2019 in Greece, Thessaloniki. The annual upstream event gathers Oil Companies, EPC and Drilling Contractors, and Governmental bodies. The Congress is host by…

Romania: Conpet applies new transport tariffs for oil

The national transporter of oil Conpet Ploiesti announced new transport tariffs through the National System of Transport for oil, gasoline, ethane so that the tariff grew from 79.75 lei/tonne to 84.37 lei/tonne, a growth of almost 6%.…

World: Oil prices keep going up. Brent close to $80

Brent crude oil futures reached $79.40 per barrel on Thursday, the highest since November 2014, as supplies tightened and demand remained strong. ANZ bank said on Thursday that Brent was “now threatening to break through $80 per barrel…

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