• The World’s Biggest Energy Companies 2016

    No. 1: Gazprom Privatized in 1993, Russia’s Gazprom Group is the largest publicly traded energy producer in the world with 8.38 million BOE/day of production. Helmed by CEO Alexey Miller, whom Forbes ranks 54th on our list of the World’s Most Powerful People, Gazprom is known primarily as a...

  • Saudi Aramco to raise its share in world oil markets

    According to Reuter’s sources, Saudi Aramco is gaining market share and pushing for greater efficiency, chief executive Amin Nasser said in an interview. Nasser told Reuters that the state-owned group was pressing on with preparations for its partial privatization via a stock market listing,...

  • ADNOC plans to cut 5,000 jobs by year end

    The Abu Dhabi National Oil Co. (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, according to the Middle East news service MEED. ADNOC has roughly 55,000 staff. Many companies in Abu Dhabi and elsewhere in the Gulf are trying to cut...

  • Saudi Arabia names Khalid al-Falih energy minister to replace Naimi

    Saudi Arabia, the world’s largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi, who had held the post since 1995. The change is unlikely to mean a shift in Saudi oil policy, which is...

  • Oil rises as IEA expects biggest non-OPEC output fall in 25 years

    Crude prices rose on Thursday, reversing earlier declines, as the International Energy Agency (IEA) said that 2016 would see the biggest fall in non-OPEC production in a generation, helping rebalance a market that has been dogged by oversupply. The IEA’s chief Fatih Birol said on Thursday...

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News

  • The World’s Biggest Energy Companies 2016

    No. 1: Gazprom Privatized in 1993,...

  • Saudi Aramco to raise its share in world oil marke...

    According to Reuter’s sources, Saudi...

  • ADNOC plans to cut 5,000 jobs by year end

    The Abu Dhabi National Oil Co. (ADNOC)...

  • 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 $47.16
WTI $46.33
OPEC Basket $44.32

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%