Archives for 2019
Saudi Arabia's oil price promise just doesn't add up
Saudi Arabia isn’t as willing to do whatever it takes to support oil prices as it would have us believe. That’s the only conclusion one can draw from what we’ve learnt since a government official...
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Drilling rig count ticks up slightly
The number of active drilling rigs in the country rose by one this week, but there were larger swings within individual states and basins such as Texas and West Virginia each losing four rigs while...
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OPEC sees ‘somewhat bearish’ oil outlook even as market tightens
Global oil markets face a “somewhat bearish” outlook for the rest of the year amid slowing economic growth and the long-running trade war, even though supplies will be tighter than previously thought, OPEC said. Source:...
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Exxon-SABIC select long-term ethane,ethylene transportation provider
As construction of one of Texas’ biggest petrochemical plants is underway, SABIC-Exxon Mobil’s joint venture has inked another deal with a contractor and supplier who will help to bring the $10 billion project to fruition....
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U.S. threatens sanctions over Iran tanker after court ruling
The U.S. is gravely disappointed with the U.K. after a Gibraltar court allowed the release of an Iranian tanker suspected of hauling oil to Syria, and threatened sanctions against ports, banks and anyone else who...
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