Oil Price

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Analysts Look Forward to Oil Prices Hike This Year

According to various analysts, the price of crude oil will go high this year and they have the confidence the Russian and OPEC cuts will counterbalance the recent surge of US production. The production of…




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Oil exploration hit by low prices

Cairn Energy has still not decided whether to commit to a 3D seismic survey of Area 3, saying it would first conclude the 2D seismic and geological evaluation currently underway. Carin is the operator for…


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Oil prices dip as focus returns to global supply overhang

Oil prices dipped on Thursday, extending the previous day’s decline, as the market focus returned to a global supply overhang, although a surprise fall in Chinese crude inventories did lend some support. International benchmark Brent…


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IEA Sees Oil Demand Slowdown Harming Oil Price Rebound

The International Energy Agency (IEA) revised down on Thursday its 2017 forecast for world oil demand growth amid a dimmer outlook on the global economy, somewhat echoing OPEC’s “lingering concerns” that refiners in the U.S….





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Saudi Arabia Offers Hope For An Oil Price Rally

Crude oil prices hit a 10-week low on Tuesday, but one piece of data from Saudi Arabia could provide a glimmer of hope for those longing for an oil price rally. Saudi Arabia is burning…