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U.S. oil reserves highest since 1970s: Kemp

14/04/2014
U.S. exploration and production companies are finding accumulations of crude and condensates twice as fast as they are producing them,

Citi vs. Chevron: two opposing views of the oil price future

14/04/2014
In another of our occasional guest blog entries, Steven Kopits of Princeton Energy Advisors considers the

Colombia can produce 13B barrels of oil over the next 20 years: govt

14/04/2014
According to a government study, Colombia has a striking potential for the discovery and exploitation of fossil

EIA: S. Korea oil market Overview

14/04/2014
South Korea relies on imports to meet about 97% of its energy demand as a result of insufficient domestic

Kuwait Oil Company to tackle risk management

14/04/2014
Kuwait Oil Company, one of the world’s foremost oil producers, is preparing to double production by 2020.

South Sudan Plans Unity State Oil Restart, Refinery by July

14/04/2014
South Sudan plans to resume crude output in Unity state by July after conflict in the world’s newest nation

Ghana national oil firm seeks $1 bln to become independent operator

14/04/2014
Ghana National Petroleum Corporation (GNPC) is seeking $1 billion to fund its plan to become an independent

UAE energy minister hopes Western partners keep oilfields role

14/04/2014
The energy minister of the United Arab Emirates said he hoped Western oil companies historically in charge of

Oil India Said to Study Purchase of Shell’s Nigerian Blocks

14/04/2014
Oil India Ltd. (OINL), the nation’s second-biggest state-run explorer, is studying an acquisition of Nigerian oil

WTI Oil Rises to Five-Week High on Consumer Sentiment

12/04/2014
West Texas Intermediate crude climbed to a five-week high as U.S. consumer confidence rose in April while

IEA predicts lower oil demand growth for 2014

12/04/2014
Crude oil prices were range-bound in March, with supply outages in the MENA and Russia-Ukraine tensions countering seasonally weaker demand.

Platts Survey: OPEC Pumps 29.56 Million Barrels of Crude Oil Per Day in March

12/04/2014
Oil production from the Organization of the Petroleum Exporting Countries (OPEC) plunged 550,000 b/d from

Lukoil begins seismic survey on oil exploration block

12/04/2014
Lukoil begins seismic survey on oil exploration blockLUKOIL Overseas (operator of LUKOIL Group's overseas

Asia-Pacific Crude-Stronger; Surgut sells ESPO higher

12/04/2014
The Asia-Pacific crude market strengthened on Friday after Russian ESPO crude sold at a slightly higher

How the Russia-Ukraine spat is impacting oil forecasts

12/04/2014
The fallout from the diplomatic dispute between Russia and neighboring Ukraine will continue to affect the oil

Middle East Crude-Al-Shaheen June exports down

12/04/2014
The Middle East crude market held steady on Friday as traders eyed an al-Shaheen tender that will close on

Mexico bets $1.4 billion on Asian markets: Pemex

12/04/2014
Mexico plans to build a $1.4 billion "energy corridor" between the Gulf Coast and the Pacific, state energy

Venezuela Needs 2014 Brent Oil Price of $121: Deutsche

12/04/2014
Venezuela, holder of the world’s largest oil reserves, requires the price of Brent crude to average $121 a

EIA's forecasts on Azerbaijan's oil output made public

12/04/2014
The U.S. Energy Information Administration (EIA) predicts Azerbaijan's oil production to amount to 0.8 million

Gas and oil discovery in the Valemon area

12/04/2014
Operator Statoil has together with the Valemon Unit partners made a gas and oil discovery in the Valemon
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