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Oil and Gas Industry Rises on Trump's Washington

Oil and Gas Industry Rises

The il and gas industry had slowly rising under Trump's winning as the next President of the United States.

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Glencore And Qatar Pays $11 Billion In Rosneft Privatization Deal

Glencore And Qatar Pays $11 Billion In Rosneft Privatization Deal

Glencore and Qatar takes $11 billion stake in state-run oil producer Rosneft. Russian President Vladimir Putin personally announced the deal which is expected to close mid-December.

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U.S Energy Firms Started To Ramp Up

Energy Firm Investment Goes Up

For the first time after after two years, the oil and gas investment in the U.S is slowly getting higher.

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Oil and Gas Production: Set to New Areas

Oil and Gas Production Regions.

The Oklahoma Geological Survey said that market conditions have cutbacks from oil and natural gas production.

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IEA Is Expecting An Oil Investment Fall In 2017

IEA Is Expecting An Oil Investment Fall In 2017

No good profit is expected for the oil investment in 2017.

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King Harald V and Queen Sonja of Norway Celebrate Their 75th Birthdays

Norway Withdraws More On Oil Fund; Lowers Price

For the first time need to withdraw cash sovereign wealth fund as western Europe's bigget oil exporter.

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Riyadh City Skyline, Construction And King Abdullah Financial District

Fitch Degraded Saudi Arabia From AA to AA-

Saudi Arabia just got a negative rating from Fitch, from AA to AA-. The downgrade is due to the oil-rich kingdom's decision to slash its average oil price assumptions from $35 to $45 a barrel for 2016 and 2017.

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Fuel Shortages In Nigeria Cause Queues At Gas Stations

Major Oil Companies Fund Nigeria's $200 Million Fuel Imports

Nigeria is suffering from fuel shortages as well as lack of hard currency. Four major oil companies agreed to finance the country’s $200 million fuel import along with the lack of the dollars to sustain the country’s fuel needs.

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Oil prices in UAE

UAE’s Beco Capital Projects Tech Startups to Boom in The Region Amid Low Oil Prices

UAE venture capital firm BECO Capital expects that the tech sector will spur amid the slowdown in the economy due to low oil prices. Especially in the region, the firm projects that tech startups will face a significant growth as the government seek to achieve diversification to non-oil sectors.

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Economy Slows Down In Fading Factory Town

China's Economic Slowdown Is Deliberate and Healthy, According to the IMF

The newly-elected managing director of the IMF, Christine Lagarde, spoke at the Global Women’s Forum 2016 regarding the global economy, especially in the wake of the China economic slowdown. Despite the prolonged slowdown, the IMF foresee that China’s lower growth was deliberate and healthy.

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Asian Markets Continue To Fall on Fears Of China Slowdown

Asian Shares Reversed Its Gain After Oil Prices Retreat, Other Markets Also Under Pressure

Asian shares fell back from a seven-week high on Tuesday as oil prices fell more than 2 percent. The sudden drop happened after the Asia-Pacific indices rose to its highest level since the beginning of the year, after seeing the rise in oil prices before reversing back.

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Offshore Oil Production In Nigeria's Agbami Deepwater Oilfield

Paragon Offshore files bankruptcy: post debt plan announcement

The oil services company Paragon Offshore Plc filed chapter 11 bankruptcy after the announcement of debt plan. The main reason is to avoid protracted legal battles involving its former parent, Noble Corp.

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Nigerian Economy And Oil In Niger Delta And Port Harcourt

Nigeria's National Oil Company Announced an Annual Loss of $1.34 Billion

The loss is combined from its corporate service unit and its three refineries. The total annual loss was consistent with the company's continuing monthly loss over the past year. Nigeria, as Africa's biggest economy and largest oil producer, has been greatly suffered the oil prices fall.

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Declining Stock Market In The Year Of Goat

Asian Markets Shows Remarkable Rise as Crude Oil Prices Increased

The rise of oil prices had brought positive growth to most of the Asian markets, except for Japan. On the other hand, European market had seen a drop. The oil prices increased overnight due to speculations that U.S Federal Reserve would possibly decide not to increase interest rates throughout 2016.

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Oil drilling rig

$40 Oil Price and its Impact on U.S Economy

Commodities such as oil is slowly declining following the Black Monday selling pressure on 24th August raising concern among investors regarding current world economics. China stock took a plunge and Dow Jones Industrial average hit its lowest value for 2015 on that day.

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