by  Andreas Exarheas Rigzone Staff | U.S. President Donald Trump has pushed for lower oil prices in a Twitter statement published Wednesday. U.S. President Donald Trump has pushed for lower oil prices in a Twitter statement published Wednesday. Donald J. Trump ✔@realDonaldTrump Oil prices getting lower. Great! Like a big Tax Cut for America …
DOJ is Said to be Reviewing Anti-OPEC Legislation
by  Bloomberg Stephen Cunningham | The Department of Justice is formally reviewing antitrust legislation aimed at reining in OPEC's power over oil markets, according to a department official. (Bloomberg) -- The Department of Justice is formally reviewing antitrust legislation aimed at reining in OPEC’s power over oil markets, according to a department official. While …
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Shell is Wrong: Global Oil Demand Can Only Increase
by  Jude Clemente Rigzone Contributor | The great shale rise has put to bed the 'peak oil production' theory but it has not stopped the apparent new concern of 'peak oil demand.' Bolstered by the U.S. shale revolution, global oil production has surged by over 20 percent in the past 15 years. The great …
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Oil Advances as Capacity Warnings Counter Russia Queries
by  Bloomberg Alex Nussbaum | Oil prices gained ground as traders weighed countervailing signals about how much OPEC and its allies can afford to trim production. (Bloomberg) -- Oil prices gained ground as traders weighed countervailing signals about how much OPEC and its allies can afford to trim production. Futures in New York climbed …
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Oil Holds Near $57
by  Bloomberg Sharon Cho Crude markers in New York and London have both fallen more than 20% from their October highs. (Bloomberg) -- Oil traded near $57 a barrel as traders assessed OPEC’s plans to cut production, while its key ally Russia and a top energy adviser warned suppliers against making a hasty decision …
Baru Speaks at Abu Dhabi International Petroleum Confab Today
… As OPEC Sec. Gen. Assures Nigeria, Global Oil Community of Sustainable Market Stability The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, is expected to speak in a panel discussion today at Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), following the Conference’s opening ceremony yesterday in Abu Dhabi. …
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Oil Poised for Sixth Weekly Loss by  Bloomberg Tsuyoshi Inajima | Oil is poised for a sixth weekly loss, trading near $57 a barrel. (Bloomberg) -- Oil is poised for a sixth weekly loss, trading near $57 a barrel as lingering concerns over a supply glut continue to weigh on the market. Futures in …
ENI Chases New Oil in Proven Angolan Block
Following its discovery of Kalimba 1 in June 2018, Italian major ENI set up an accelerated exploration programme in Angola’s Block 15/06, where it already has some producing fields. The company commenced a drilling campaign involving four (4) exploration wells. In the event of success, this strategy will enable a fast-track development of these new …
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NNPC Records Crude Oil and Gas Export Sale of $470m in August
The Nigerian National Petroleum Corporation (NNPC) has said that crude oil and gas export sale by the corporation in August 2018 was $470million, indicating an upsurge of about $78million in relation to July oil and gas export figures of $391.91million. NNPC Monthly Financial and Operations report for August 2018 released today in Abuja by the …
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Oil Climbs After Record Run of Losses by  Bloomberg Tsuyoshi Inajima Oil climbed after a record run of losses as Saudi Arabia said it will reduce crude sales in December and speculation rose that OPEC and its allies will cut output next year. (Bloomberg) -- Oil climbed after a record run of losses as …
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