UAE to add 3.8 MMbbl capacity to oil storage hub in 2020

Brooge Energy Ltd. expects new tanks at its oil-storage terminal in the United Arab Emirates to be fully operational by the end of the year, with a single customer booked to lease all the additional capacity.

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BHP Overstayed in Petroleum, Time to Exit

2020 looks like a turning point for the oil industry. Cashing in now and planning a greener future makes sense

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Saudi Aramco Dividend Math Doesnt Add Up

The $75 billion that Saudi Aramco doles out in dividends every year dwarfs what any other listed company gives to shareholders. It’s roughly equivalent to the payouts from Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., BP Plc, Total SA, PetroChina Co., Eni SpA, Petroleo Brasiliero SA and China Petroleum & Chemical Corp. or Sinopec — put together.

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$40 Oil Is The New Normal

Oil prices have already reached an interim stage of recovery. The 40-dollar mark is the level around which they will fluctuate for a while, but huge deviations are not likely.

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The shale drilling shutdown continues for its 14th week

Oil exploration shrank for a 14th straight week in U.S. fields amid weak crude prices and skepticism about a recovery in energy demand.

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$190 oil sounds crazy But JPMorgan thinks it is possible

In a little-noticed report, JPMorgan Chase warned in early March that the oil market could be on the cusp of a "supercycle" that sends Brent crude skyrocketing as high as $190 a barrel in 2025.

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Why The $17.5 Billion Write-Down Is Just The Beginning For BP

BP, the British oil company, announced this week it would reduce the value of its oil and gas assets by $17.5 billion.

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OPEC+ Cuts Are Weighing On Russia’s Economy

Industrial output in Russia fell last month, largely as a result of the crude oil production cuts that Russian oil companies had to implement following the April agreement by OPEC+ to remove a combined 9.7 million bpd from the global market.

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