The IEA report sees just 4.1 million barrels a day (bpd) being added to global oil supply between 2015 and 2021, down sharply from the total growth of 11 million bpd in the period 2009-2015.
The theme of ‘Strategies for the New Energy Landscape’ for the 2016 edition of ADIPEC is more important than ever for the oil and gas industry, explains His Excellency Suhail Mohamed Al Mazrouei, UAE Minister of Energy.
Iran’s hydrocarbon could be on the verge of coming in from the economic wilderness writes Patricia L. Schouker, London-based foreign policy and energy analyst
Patricia L. Schouker looks at China’s complex balancing act to meet growing demand by scouring the world for reserves.
Measures follow already-beefed-up security at facilities around OPEC member state in relation to Saudi-led air campaign in Yemen.
Economy minister says low oil price has had "limited effect" on OPEC member country following 2016 budget approval announcement.
China’s huge ongoing economic growth requires vast quantities of energy from various sources, both domestic and international, reports Glenn Freeman
Valerie Stocker had a rare interview with the chairman of Libya’s National Oil Corporation Mustafa Sanallah in Tripoli who explained why the oil industry tries to stay above the political infighting
The group of four key oil producing nations met in Doha and agreed not to exceed production levels seen in January, in a bid to stabilise oil prices.
US shale oil production levels are set to decline for a seventh consecutive month, as low crude prices continue to squeeze out higher cost producers.
Timing is the biggest question mark surrounding the US’ decision to lift four-decades of restrictions on crude exports on December 18, as energy economics and geopolitics spawn an oil glut that has depressed prices to a 12-year low.
Clyde & Co oil price volatility report: Majority see OPEC policy as the most important geopolitical factor affecting oil and gas businesses
Will the shale gas industry be a shot in the arm for the US economy that many have hoped for, asks London based foreign policy and energy analyst Patricia L. Schouker
H.E. Dr. Mohammad Bin Saleh Al-Sada has called the current price of oil "unsustainable", and claims that $380 billion of investment in the oil and gas sector has already been deferred as a result.
Announcement follows government approval to up refinery budget to US$16 billion from $13.2 billion.