2015

Nearly a year after oil markets entered a deep downward spiral, unmoored from the $100-a-barrel mark that had anchored them for years, some OPEC members are publicly talking for the first time about a new "fair" price for their crude.

U.S. oil production has grown rapidly in recent years. EIA data, which reflect combined production of crude oil and lease condensate, show a rise from 5.6 million barrels per day (b/d) in 2011 to 7.5 million b/d in 2013, and a record 1.2 million b/d increase to 8.7 million b/d in 2014.

There will be no US-style shale gas revolution in Europe, the president of the International Gas Union (IGU) has told

The agreement struck between the five permanent members of the UN Security Council plus Germany (P5+1) and Iran on March 2 paved the way for a comprehensive deal to begin lifting sanctions in late June. Iran has been off limits to most foreign investors for nearly a decade. Unsurprisingly, it is regarded as El Dorado by many international corporations, particularly those in the energy sector.

Exxon is the world’s largest listed energy group, and like all big international oil companies it is facing structural challenges that make it difficult for it to grow. Stability while throwing off a lot of cash may be the best they can do.

Wintershall will continue investing in its core regions, with Russia remaining the most important area for the company.

OPEC oil ministers expressed optimism about their strategy of pumping more crude oil and fighting for market share, amid expectations they will stick to their production target when they meet at the end of the week.

China started construction last week of a pipeline to receive Russian gas, Russian state gas company Gazprom said on Tuesday.

Greece expected to sign a memorandum on Turkish Stream during the St. Petersburg International Economic Forum, which will be held June 18-20.

Russia's Gazprom plans to start building a pipeline to Turkey this month to get gas to Europe without going through Ukraine, company sources said, although it has no firm agreement with Ankara and faces opposition from the European Union.