In the last week of 2019, US commercial crude inventories dropped almost four times more than expected
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Soleimani killing adds uncertainty to oil market: Saxo Bank
Ole Hansen, head of commodity strategy at Saxo Bank, comments on the spike in oil prices following a US strike in Iran
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
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
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
Oversupply of oil and demand for gas expected in 2020, says DWF
Slava Kiryushin, Dubai-based global head of energy at DWF, highlights expected trends in the global energy sector in 2020
Oil & gas drives Oman’s FDI to $30.26bn in Q2 2019
The upstream sector brought in more than half of the total FDI into the Sultanate of Oman
IEA expects Q1 2020 oil surplus of 700,000bpd despite OPEC+ cuts
The IEA report also noted that the US would likely become a sustained net exporter by late 2020 or early 2021, though it would not achieve energy independence
Valve closure interrupts production at key Libya oil field
Production at the El Feel oil field was once again interrupted, and Libya NOC Chairman Mustafa Sanalla called for those responsible to be held accountable.