Rystad Energy said that OPEC’s cuts were no match for the massive surplus
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Oman’s oil and gas sector after Sultan Qaboos
Vinod Raghothamarao, director consulting for energy wide perspectives at IHS Markit, comments on the legacy of Sultan Qaboos, and the future for Oman’s oil and gas sector
Global oil & gas industry deals total $37.6bn in December 2019
In value terms, North America led the activity with deals worth $17.88bn
Kuwait Oil Company officials referred to prosecution for corruption charges worth $15 mn
Officials charged with ‘negligence and slackness’ in management of projects in North Kuwait
Russia counts on oil production growth even as it agrees to OPEC+ production cuts
2019 was a record year for oil production in Russia, according to its statistic agency
ADNOC signs agreement with JCCP to enhance oil spill capabilities
The agreement is expected to boost ADNOC’s preparedness in case of an oil spill
Saudi King Salman and Vladimir Putin discuss oil market amid price drop
This comes as oil prices slid to a one-year low, with Brent crude at under $55 per barrel
OPEC cuts, supply risks to bolster oil prices this year – Reuters poll
Oil prices are expected to remain near current levels in 2020
China oil imports from Saudi Arabia jumped 47% in 2019
Shipments from the US were almost halved due to the trade dispute between the two nations