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<b>Crude Oil</b> Prices Fell as Markets Prepared for a Key OPEC Meeting

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Crude oil prices turned lower, snapping a four-day winning streak. The move precedes an OPEC meeting in Vienna this week. That is expected to produce an extension of the cartel-led output cut scheme expiring in March and outline an exit strategy for ev…

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<b>Oil</b> prices could spike more than 25%, according to closely followed economist Jim O’Neill

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Brent crude oil may surge to $80 a barrel in the next year, says economist Jim O’Neill. The market is waking up to robust global economic growth and is wary of geopolitical risk emanating from Saudi Arabia, O’Neill writes in Barron’s. O’Neill’s preferred measure of the market suggests a trend change is …

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<b>Oil</b> Industry Is To Blame For Unnatural Number Of Earthquakes In Texas

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Despite recent drops in the price of oil, many residents of Andrews, and similar towns across the Permian, are trying to take the long view and stay optimistic. The Dow Jones industrial average plunged 540 points on Wednesday after crude oil plummeted …

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<b>Crude oil</b> output, exports at Mexico’s Pemex rise in October

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Production and exports of crude oil at Mexican state oil company Petroleos Mexicanos, or Pemex, increased in October, the firm said. Crude output rose by 9.9 percent from the previous month to 1.902 million barrels per day (bpd) after suffering a sharp…

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GPCA ’17: Saudi Aramco, SABIC to build <b>crude</b> to chemicals complex in S Arabia

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DUBAI (ICIS)–Saudi Aramco and chemicals major SABIC have signed an agreement to develop a fully integrated crude oil to chemicals complex (COTC) in Saudi Arabia which is expected to start operations in 2025, the Saudi energy giant said on Sunday. The …

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Iraq to build new <b>oil</b> pipeline to Turkey

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Iraq is to build a new pipeline to allow oil exports to resume from the northern province of Kirkuk to neighbouring Turkey, the oil ministry said Sunday. Oil Minister Jabbar al-Luaybi has ordered documents to be prepared towards building the new pipeline to “transport crude oil from Kirkuk’s oilfields to the …

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