• Shell – BG deal viable at $50 oil price

    Royal Dutch Shell has assured investors its US$70 billion acquisition of BG Group is profitable even if the US$50 per barrel oil price persists for further two years. Prior to the January 27 meeting when the final decision on the deal will be made Shell believes it will have the backing of its...

  • OPEC Crude Oil Plunges below $30 for First Time Since 2004

    The price of crude sold by OPEC members slid below $30 a barrel, the lowest level in almost 12 years, as turmoil in Chinese markets deepened the global commodities rout. according to data compiled by Bloomberg.   The daily basket price of crudes produced by the 13 members of the Organization...

  • Oil, Gas Expectations for 2016 up In Air

    Analysts have greeted the first few business days of the New Year with a variety of prognostications for 2016. Modeling a potential jump to $70 oil by the end of 2016, increased cuts in capital spending, and the idea that low crude prices could spur gas prices higher each could come to pass, some...

  • Oil Shrugs as Glut Blunts Shock from Deeper Saudi-Iran Clash

    At almost any other time, an escalating diplomatic conflict between OPEC members Iran and Saudi Arabia would mean a spike in oil prices. That the rally this time couldn’t be sustained shows just how abnormal things are in the oil market. Brent crude erased an initial gain of more than 4 percent...

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News

  • Shell – BG deal viable at $50 oil price

    Royal Dutch Shell has assured investors...

  • OPEC Crude Oil Plunges below $30 for First Time Si...

    The price of crude sold by OPEC members...

  • Oil, Gas Expectations for 2016 up In Air

    Analysts have greeted the first few...

  • Samsung Engineering ...

    “We are thrilled to be a part of ambitious oil project of Iraqi government,” said Steve...

    Steve Fludder
  • Dana Gas receives ou...

    “We are pleased to receive this payment, and are working with the Kurdistan Regional Government...

    Rashed El-Grwan

Articles

Training

  • OPEC Refuses
    06.15.2015

    Noting that oil production growth from countries outside the Organization of the Petroleum...

Oil Prices of Today

Crudes $/B
Brent 33.55
WTI 33.16
OPEC Basket 28.46