The crude oil market is "fairly comfortable" at current prices of around $80 a barrel, he added. "The crude market is much less fragile than a couple of years ago," when prices rallied following Russia's invasion of Ukraine, he said, adding that Western sanctions "have been absorbed" in...
However, this approach would mean additional talks with other producers of oil, in particular the Organization of the Petroleum Exporting Countries (OPEC), on the approved capacity in barrel terms to be made. Vicissitudes would be established with respect to price. Hence, the KSA’s oil ...
If high oil prices created the conditions for unconventional oil to grow and challenge OPEC’s market share, then prolonged low oil prices must be part of OPEC’s solution. By keeping prices below the marginal cost of unconventional production (about $75 per barrel), OPEC hopes that expensive...
Oil majors are targeting new oilfields that can be profitable even if oil prices fall to about $30 per barrel, using a third year of rising demand to reshape portfolios amid uncertainty over the industry's future. Investors have not returned to oil stocks despite recent high earnings. Even th...
According to the report, spot prices of natural gas have regularly exceeded USD250 per barrel of oil, and this, coupled with high coal prices, has accounted for 90% of the upward pressure on electricity costs around the world. With electrification being pursued globally, any upward pressure ...
Meanwhile the Reserve Bank of Fiji says commodity price movements were mixed in January. It says brent crude oil prices continued its upward trajectory and ended the month at US$91.21 per barrel, 17.3 percent higher than the previous month amid continuing demand supply mismatches. ...
Microalgae based fuels are estimated to be economical for crude petroleum sell higher than 100 USD per barrel [46]. Although the algal biofuels are not yet economically feasible, there are many companies in USA, Europe and other regions of the word that are producing algal fuels at commercial ...
In oil trading, U.S. benchmark crude picked up 19 cents to $82.88 per barrel. It had lost $2.67 on Wednesday. Brent crude, the international standard, gained 25 cents to $87.54 per barrel. The U.S. dollar slipped to 154.19 Japanese yen from 154.38 yen. The euro...
According to him, the crude’s qualities make it even better than that from the Middle East. The oil density is 0.826 grams per cubic cm, it features high barrelisation ratio. “Argus assessed our premium at $11 per barrel. And this is our oil that has been produced without any incenti...
Condensed Consolidated Statements of Operations (in thousands, except per share information) (unaudited) Successor Predecessor Successor Predecessor Three Months Three Months Nine Months Nine Months Ended September 30, Ended September 30, Ended September 30, Ended September 30, 2019 2018 2019 2018...