Oil & Gas

Who Are the Corporate Winners and Losers of the Saudi, UAE lead blockade with Qatar

June 11, 2017

June 11, 2017, 12:36 PM GMT+3 Sanctions against Qatar may hurt U.A.E. construction companies Qatar Airways is set to be one of the biggest losers With Qatar increasingly isolated from its Gulf neighbors in an escalating geopolitical crisis, the economic and financial implications are starting to [...]

Qatar’s dispute with Arab states puts LNG market on edge

June 6, 2017

Saudi Arabia and key allies on Monday cut ties with Qatar, the world’s top seller of liquefied natural gas (LNG), stoking concern over any supply disruptions to neighboring countries spilling over into global gas markets. Saudi Arabia, along with the United Arab Emirates and Egypt – [...]

Gulf Nations stance with Qatar Has 22-Year History Rooted in Gas

June 6, 2017

Choice of LNG over pipelines set former ‘vassal’ apart in Gulf Natural gas wealth fueled irritants from Iran policy to TV Saudi Arabia’s excommunication of Qatar has been brewing since 1995, and the dispute’s long past and likely lingering future are best explained by natural gas. Not only [...]

Featured Report: Trump abandons global climate pact as allies voice dismay

June 2, 2017

President Donald Trump on Thursday said he will withdraw the United States from the landmark 2015 global agreement to fight climate change, a move that fulfilled a major campaign pledge but drew condemnation from U.S. allies and business leaders. Trump, tapping into the “America First” [...]

US plan to sell oil reserves undermines OPEC supply management efforts

May 23, 2017

By Henning Gloystein | SINGAPORE U.S. President Donald Trump’s proposal to sell half of the United States’ strategic oil reserve surprised energy markets on Tuesday since it counters OPEC’s efforts to control supply in order to boost prices. The White House requested in its budget [...]

Oil slightly down, but ends year with biggest gain since 2009

December 31, 2016

By Ethan Lou Oil prices settled slightly lower on Friday, the year’s last trading day, but attained their biggest annual gain since 2009, after OPEC and partners agreed to cut output to reduce a supply overhang that has depressed prices for two years. A two-rig rise in the oil rig count in [...]

Oil prices soar on global producer deal to cut crude output

December 12, 2016

By Henning Gloystein | SINGAPORE Oil prices shot up by 4 percent to their highest level since 2015 early on Monday after OPEC and other producers over the weekend reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up the market. Brent crude futures, [...]