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Industry Tendency

01-22

2018

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After two years, why an OPEC deal now?...

OPEC has finally agreed to cut production, but only after two years of fruitless negotiations. So what changed to make an agreement possible now, after it had eluded negotiators at previous OPEC meetings?

01-22

2018

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Norway Oil and Gas Investment Gloom Seen...

Norway's oil and gas sector faces another two years of falling investment as the industry's downturn lasts longer than expected, a lobby group forecast on Monday.

01-22

2018

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Asia and Russia begin to cut down their oil production...

More and more oil companies begin to cutting down their oil production when the agreement of OPEC go into effect. Russian oil production has fallen by 180,000 barrels a day in the last two weeks,

01-22

2018

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Brent crude oil rallies pending inventory...

Light, sweet oil prices for March settled above $54/bbl on the New York market Feb. 21 and the Brent contract for April settled above $56.60/bbl on the London market.