Ole Hansen, head of commodity strategy at Saxo Bank, comments on the spike in oil prices following a US strike in Iran
Author Archives: Staff Writer
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PDO awards contracts worth $130mn to Petrofac
Engineering firm Petrofac won a contract and an additional scope of work in Oman as part of its 10-year framework agreement with PDO
Oman crude oil averaged $63.96 in 2019, with decade average at $77.70
The DME Oman futures contract was launched in June 2007. Since inception the highest settlement price of $141.27/b was recorded July 4, 2008, preceding the global financial crisis that wiped more than $100/b from oil prices by year end
OPEC needs to do more in 2020: Rystad Energy
OPEC production is likely to average 29.3 million bpd for the first quarter of 2020, which compares to our call-on-OPEC of 29.0 million bpd
DME Oman to price Kuwaiti crude oil from February 2020
DME Oman crude oil futures contract is an official benchmark for Oman, Dubai, Saudi Arabia, Bahrain and now Kuwait
Petrochemical Update to feature ExxonMobil, Shell, BASF and Dow
The Houston event will see 10,000 attendees gather to do business and share knowledge
Reliance and BP move forward with Indian fuels joint venture
The new venture, a further development of RIL and BP’s longstanding partnership, will include an India-wide fuels retail service station network and aviation fuel marketing business.
N-Sea won $200mn worth of Middle East contracts in 2019
Throughout 2019, the Middle East base has achieved a 500% growth
NETZSCH and Oil Dynamics create joint product to prevent blowouts and environmental impact
All critical components of the pumping solution have been moved below the surface, hindering leaks above ground