• Baker Hughes: US Weekly Oil Rig Count Decline Slows

    Energy firms pulled three rigs from U.S. oil fields this week, the smallest drop in five weeks, data showed on Friday, a sign the collapse in drilling is coming to an end as crude prices recovered after falling 60 percent from last June to March. It was the 29th straight weekly decline, bringing...

  • Eni and KMG explore offshore Isatay block in Caspian Sea

    The Chairman of KazMunayGas’ (KMG) Management Board, Sauat Mynbayev, and Eni’s CEO, Claudio Descalzi, finalized today, in the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, an agreement that defines the commercial...

  • Gazprom discusses LNG supplies with Egypt

    Alexey Miller of Gazprom and Mounir Fakhry Abdel Nour, Minister of Industry, Trade and Investment of Egypt, met on Thursday in St. Petersburg where they discussed LNG supplies. Miller and Abdel Nour addressed the current issues and prospects for the bilateral cooperation development in the gas...

  • OPEC Refuses to Cut Production Ceiling

    Noting that oil production growth from countries outside the Organization of the Petroleum Exporting Countries (OPEC) is expected this year to be one-third of that experienced in 2014, OPEC is holding firm on its quota of 30 million barrels per day (MMbpd). In a statement from Vienna, members...

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Interviews

  • The Egyptian-Kuwaiti Relations Well-established an...

    At the national days of the Kuwaiti...

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    TOTAL: THE QATAR EXPERIENCE HISTORICAL...

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    Regional Manager Middle East-...

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

    Steve Fludder
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    Rashed El-Grwan

Articles

  • Deepwater Horizon oil rig expl...
    07.02.2015

    Deepwater Horizon oil rig explosion Oil Spill from Macondo Well into the Gulf of Mexico A sign for...

  • OPEC Refuses
    06.15.2015

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

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 65.37
WTI 59.72
OPEC Basket 61.86