OPEC might extend production cuts
As reported by Reuters, OPEC is signalling attentions to extend its agreement on limiting oil production to non-members and,...
BP reports 50% less profit
As reported by Bloomberg, British Petroleum recorded over 50% lower profit in 2016 when compared to the previous year. Profits achieved...
Macedonia faces crude oil supply shock
As Greeek farmers block border crossings, Macedonian crude oil supply suffers. Macedonian companies report huge losses. Source: SEEbiz...
Oil prices stagnate
OPEC members are mostly keeping their agreement on production limits (over 90% of planned reduction is achieved). On the other hand,...
Russia predicts 60 $/b in 2017
As reported by UPI, Russia's Fianance Ministry does not foresee oil prices going higher than $60 per barrel before 2019, predicting their...
BP forecasts surplus supplies for oil
In its Energy Outlook 2035 report, BP forecasted a future of slowing demand growth and abundant supply for oil. Growing population and...
