Our Network

Register for our free newsletter

 
 
Latest News
petrofac

Iraq picks Petrofac for $95 million contract

Iraq has picked British oil services firm Petrofac for a $95 million contract to carry out maintenance work for its new offshore terminals and sub-sea pipelines at the Gulf, an Iraqi oil official said on Monday.

June 18, 2012 6:12
 
OPEC-output-hits-new-high

Saudi under OPEC pressure to prevent oil price collapse

OPEC likely to renew 30 mln bpd output target; Extra Saudi oil has lifted actual supply to 31.6 mbpd; some fear price collapse if Saudi doesn't cut back

June 13, 2012 5:48
 
cheaper-oil-more-consumption

OPEC can’t afford to give residents cheap oil

Bargain price oil is a standard perk for residents of crude-exporting nations. But the practice is expensive for members of the Organization of the Petroleum Exporting Countries, which meets in Vienna this week. It's well past time for a change, says Christopher Swann

June 13, 2012 5:42
 
opec iraq

Painful adjustments never come easily: How Iraq is upsetting the OPEC power balance

Iraq is set to overtake Iran as OPEC's second biggest producer. Already, Iraqi oil is helping to fill the supply gap created by tightening Western sanctions on Iran. The cartel's hawks are unhappy about those extra barrels; prices have fallen one fifth from their March peak.

June 11, 2012 5:45
 
...34567...1020...