Welcome!
oil production
Oil & Gas
OPEC+ makes surprise 1 million-barrel oil production cut
The move adds up to a production cut of about 1.1 million barrels a day starting next month, which is a significant reduction.
April 02, 2023
Oil & Gas
The dramatic rise and fall of shale oil
Most listed shale plays are down 80 to 90% from their recent highs. So what's next?
March 13, 2020
Commentary
Harvey makes landfall in Saudi Arabia
(Sept 4): Hurricane Harvey has devastated the Gulf Coast, and its impact is now spreading out to the rest of the US, chiefly at gas pumps.
September 04, 2017
Crude Oil
Saudis curb oil to China, Southern Asia as others spared
SINGAPORE (Jan 12): Saudi Arabia was said to cut February crude sales to China and southern Asian nations while largely sparing countries including Japan and South Korea, as it curbs supply as part of a deal between OPEC and other producers.
January 12, 2017
Rex International says it remains a going concern; embarks on new cash-generating initiative
SINGAPORE (Sept 5): Rex International Holdings says the group’s operations remain a going concern, even as its share price has fallen 47% year to date, hit by falling oil prices, the news of Swiber’s bankruptcy, and the debt woes of other oil and gas
September 05, 2016