The International Energy Agency cut estimates for the amount of crude needed from OPEC this year and in 2018.
Source: Offshore
IEA Cuts Estimates for Crude Needed From OPEC in 2017, 2018
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The prospect of a US blockade of crude oil imports from Venezuela has ignited fierce lobbying in Washington pitting domestic energy producers against refiners that depend on those supplies.
Source: Offshore
Threat of Venezuelan Oil Ban Pits Oil Boss Hamm Against Refiners
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Tullow Oil starts exploring for oil and gas in Zambia.
Source: Offshore
Britain's Tullow Launches Oil, Gas Exploration In Zambia
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US refiners are heading into the winter season on their best footing in years.
Source: Offshore
Distillates To Boost US Refiners' Bottom Line Through Year-End
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The higher outlooks come on the heels of one high-profile Permian Basin producer’s oil output miss last quarter and decisions by several other energy companies to trim annual budgets.
Source: Offshore
US Shale Output Poised To Keep Rising Despite Investor Concerns
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Oil prices rise slightly in volatile trading as the market weighed lower US crude stocks, Nigerian instability and strong global demand growth against a persistently slow rebalancing.
Source: Offshore
Oil Prices Up Amidst Higher Global Demand, Nigeria Instability
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MMQSMace, a leading South African cost consultancy business, and Stellenbosch University’s Bureau for Economic Research (BER) have forecast a South African construction tender price growth of 7.4 per cent in 2017, including 5.3 per cent inflation, and an 8.8 per cent increase in 2018, including 5.1 per cent inflation Source: African Review South African construction…
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TuNur Ltd, the UK-based private energy company, has filed an application with the Tunisian Ministry of Energy, Mines and Renewable Energy to develop 4.5 GW solar export project in the Sahara desert in southwestern Tunisia
Source: African Review
TuNur plans to export solar energy from Tunisia to EU
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Operators, experts remain cautious as Africa’s No. 1 oil producing nation passes a bill to reduce corruption.
Source: Offshore
Amid Skepticism, Nigeria Continues to Move Forward to Revamp its Government
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OPEC forecast higher demand for its crude in 2018 due to rising global consumption.
Source: Offshore
OPEC Sees Higher 2018 Oil Demand, Points To Easing Glut
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