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Spending in North American Oil Patch Set to Jump
oil-and-gas producers will likely spend 26% more than last year drilling in the North America than they did in 2018,compared to a 2.3% bump in spending internationally,according to a Barclays survery of industry executives.
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112019-10

OPEC crude output to average 29.6m barrels a day: EIA
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) will average 29.6 million barrels per day (b/d) in 2020, down by 2.3 mill

102019-10

Sale of Asia Pacific assets will see ExxonMobil raising $5B
Wood Mackenzie has identified the five most likely disposal candidates after ExxonMobil signalled the start of its Asia Pacific divestment programme. Together,

082019-10

Spending in North American Oil Patch Set to Jump
oil-and-gas producers will likely spend 26% more than last year drilling in the North America than they did in 2018,compared to a 2.3% bump in spending internationally,according to a Barclays survery of industry executives.

072019-10

Saudi Oil Minister Says Oil Demand to Continue Growing
Saudi energy minister Khalid al-Falih said Thursday that demand for oil would continue to grow in 2019 and that markets will tighten in two to three years due to project delays.

302019-09

US 2019 crude output to rise by 300mbpd
The US energy information adminstration expects US crude oil production in 2019 to rise by 300,000 barrels per day year-on-year,according to its monthly short term energy outlook released on Tuesday.

292019-09

Me and my motherland Kolanky
Celebrating the 70th anniversary of the country, the KOLANKY team’s song

282019-09

Canadian drillers add most oil rigs in two years
Energy firms in Canada more than doubled the number of rigs drilling for oil this week to the highest level in almost two years as producers returned en masse from Christmas breaks and crude prices remain near 18-month highs.

282019-09

Venezuela publishes Oil Prices in Chinese Currency for First Time
Venezuela on Friday published the price of its oil and fuel in Chinese currency for the first time, following President Nicolas Maduro's announcement that the government would ease off the U.S. dollar in respinse to sanctions by the United States. Maduro last week said his government would shun the dollar after Washington blocked Americans from certain financial dealings with Venezuela on charges it is undermining democracy.

252019-09

Lack of discoveries,offshore drilling pressure oil
A lack of significant oil discoveries,coupled with the fact that very few ultra-deepwater rigs are currently contracted,means supply is likely to fall in the coming years,pushing up prices,according to Tudor Pickering Holt.

232019-09

Citi: Oil prices likely stuck between $40 and $60 for next 5 years with some shocks along way
Citi's commodities research team has tempered its outlook for oil prices over the next five years, but it sees room for price shocks if oil supply disruptions increase dramatically or fall off significantly in the coming years. The bank had projected in February that U.S. crude prices would likely trade mostly in a range of $40 to $65 from 2017 to 2022. It now sees prices trading at $40 to $55 a barrel in the 2018 to 2020 period and then $50 to $60 through 2022.
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