• Rotterdam: Gate LNG throughput down 24% in H1

    LNG throughput volumes at the Dutch Gate terminal dropped 24 percent in the first half of this year as compared to the same period a year before, according to data released by the Port of Rotterdam on Thursday. The throughput volumes (incoming and outgoing) fell to 861,000 tonnes of LNG, the data...

  • Saudi Aramco CEO signs off on $13-billion gas project

    Saudi Aramco President and CEO Amin H. Nasser presided over a signing ceremony of the Fadhili gas project, marking a new milestone in the company’s drive to expand gas production and supply to meet growing domestic demand for energy. The new Saudi Aramco mega project will help boost production...

  • Hopes on Libya rise after NOC reconciliation

    The troubled North African state could increase its oil production in the months ahead, following an improved political outlook, but threats linger, writes Martin Clark. What: Prospects for a return of Libyan oil production are improving. Why: An agreement has been reached between Libya’s NOCs,...

  • Norway Oil Investment Expected To Fall Again In 2017

    Norway is one of the top oil producers in the world and among the top suppliers to Europe. Its oil production has risen slowly to touch 1.63 million barrels per day and it has 18 billion barrels of oil equivalent yet to be discovered in Norwegian waters. Half of that is in the Barents Sea, with the...

  • Algerian Oil Fields Increase Flows

    Algeria saw its crude production increase over the past couple of months at two of its major fields, the Hassi Messaoud and the Ourhoud. Production at Hassi Messaoud is currently sitting at 470,000 bpd, upfrom its previous flows of 420,000 bpd. Output at Ourhoud oil field rose 25,000 bpd to 125,000...

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News

  • Rotterdam: Gate LNG throughput down 24% in H1

    LNG throughput volumes at the Dutch...

  • Saudi Aramco CEO signs off on $13-billion gas proj...

    Saudi Aramco President and CEO Amin H....

  • Hopes on Libya rise after NOC reconciliation

    The troubled North African state could...

  • Many OPEC countries ...

    Many OPEC countries have some of the world’s lowest production costs, which is a benefit in a low...

    Abdalla Salem EL BADRI - Secretary General - OPEC
  • Christine Lagarde Ma...

    Christine Lagarde Managing Director of IMF: IMF calls Arabian Gulf countries to impose taxes to...

    Christine Lagarde Managing Director of IMF

Articles

Oil Prices of Today

Crudes $/B
Brent $44.72
WTI $43.13
OPEC Basket $41.35

Primary Energy Sources (%)

2014
(Share)
2035
(Share)
Primary Energy 100% 100%
Oil 32% 29%
Gas 24% 26%
Coal 30% 25%
Nuclear 4% 5%
Hydro 7% 7%
Renewables* 3% 9%