• Egypt government approves five oil and gas exploration deals

    Egypt’s government has approved five oil and gas drilling and exploration agreements with foreign companies, Petroleum Minister Tarek al-Molla said on Wednesday. Once an energy exporter, Egypt has turned into a net importer because of declining oil and gas production and increasing consumption....

  • Iraq, oil companies agree to restart investment, boost output

    Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production to increase in 2017, Iraqi oil officials said. The agreements, reached in July and August,...

  • Saudi Minister of Energy: Increasing demand for Saudi oil

    Saudi Minister of Energy, Industry and Mineral Resources, Khalid bin Abdulaziz Al-Falih has stressed that the Kingdom of Saudi Arabia’s production of crude oil is witnessing high demand in most parts of the world. He noted, in an interview with to the Saudi Press Agency (SPA) that the Kingdom...

  • Russia energy minister says oil market talks with Saudi developing

    The Russian energy minister said his country is consulting with Saudi Arabia and other producers to achieve oil market stability, though he added that a complete return of stability is only likely in 2017, Asharq al-Awsat newspaper reported on Monday. In an interview published by the Saudi-owned...

  • 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...

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News

  • Egypt government approves five oil and gas explora...

    Egypt’s government has approved five...

  • Iraq, oil companies agree to restart investment, b...

    Iraq has reached agreement with BP,...

  • Saudi Minister of Energy: Increasing demand for Sa...

    Saudi Minister of Energy, Industry and...

  • 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 $46.97
WTI $44.49
OPEC Basket $40.62

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%