• UAE’s Dana Gas to review Egypt investment

    Dana Gas will review its 2017 investment plans for Egypt if the later doesn’t repay the full amount it owes the UAE-based energy firm by the end of 2016, its chief executive “Patrick Allman-Ward” said. Dana has been hamstrung in recent quarters as it awaits receivables owed in both Egypt...

  • Oil may rise to $55 if all producers cooperate, says Iran

    Oil may rise to $55 if all producers cooperate, says Iran  Iranian Oil Minister Bijan Zanganeh expressed optimism about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non-OPEC producers cooperate. “We are receiving positive signals that...

  • Saudi energy minister urges OPEC to cut output to 32.5 mln bpd

    Saudi Energy Minister Khalid al-Falih told Al Arabiya News Channel that OPEC should cut oil output to 32.5 million barrels per day (bpd), the lower end of a previously agreed range, to balance the market. Falih said he was optimistic that the Organization of the Petroleum Exporting Countries would...

  • Russia: “OPEC” can reach a deal by the end of November

    Russian energy minister, “Alexander Novak,” said after a meeting with his counterparts in “OPEC” countries, it has increased confidence in the possibility of reaching an agreement between Moscow and OPEC regarding production in order to support the coherence of global oil...

  • Bahrain’s “Bapco” in talks for refinery expansion

    Bahrain Petroleum Company (Bapco) is in talks with export credit agencies (ECAs) to finance the expansion of its (Sitra) oil refinery, a project estimated at around $5 billion, according to sources familiar with the situation. The state-run Bahraini company is talking to seven ECAs to back a...

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News

  • UAE’s Dana Gas to review Egypt investment

    Dana Gas will review its 2017...

  • Oil may rise to $55 if all producers cooperate, sa...

    Oil may rise to $55 if all producers...

  • Saudi energy minister urges OPEC to cut output to ...

    Saudi Energy Minister Khalid al-Falih...

  • 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 $49.12
WTI $48.03
OPEC Basket $45.25

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%