Clik here to view.
Shell Begins Repaying Debts to Iran
By BENOIT FAUCON: Feb. 17, 2016 Royal Dutch Shell PLC said Wednesday it had started the process of repaying $2 billion in oil-related debts owed to Iran, easing a key hurdle to doing business there...
View ArticleClik here to view.
OPEC’s Freeze Backfires
The punchline? The joke’s on OPEC. There are several glaring problems inherent to the freeze, whereby members of OPEC and other large producers such as Russia are supposed to not raise their oil...
View ArticleClik here to view.
Shell repays Iran 1.77 bln euros debt for oil deliveries
By Ron Bousso LONDON, March 7 Royal Dutch Shell has paid 1.77 billion euros ($1.94 billion) it owed the National Iranian Oil Company, settling debts after sanctions against the country were lifted in...
View ArticleClik here to view.
How Saudi Arabia Turned Its Greatest Weapon on Itself
By ANDREW SCOTT COOPER: A version of this op-ed appears in print on March 13, 2016 FOR the past half-century, the world economy has been held hostage by just one country: the Kingdom of Saudi Arabia....
View ArticleClik here to view.
Crude oil prices start Monday on a down note
By Daniel J. Graeber: April 4, 2016 NEW YORK, April 4 (UPI) — Crude oil prices drifted marginally lower in early Monday trading after Iran said it was preparing to put more of its petroleum products...
View ArticleClik here to view.
Shell CEO says may sell some North Sea assets to improve portfolio
PERTH | BY SONALI PAUL: Tue Apr 12, 2016 Royal Dutch Shell could sell some of its older, lower grade North Sea assets to improve the quality of its portfolio, CEO Ben van Beurden said on Tuesday, part...
View ArticleClik here to view.
Iran launches talks with Shell
Seyed Mohsen Ghamsari, Executive Director for International Affairs at National Iranian Oil Company (NIOC) made the remarks saying “despite the initiation of negotiations, no final agreement has been...
View ArticleClik here to view.
Botched Doha deal undermines OPEC credibility, oil prices tumble
By REUTERS: PUBLISHED: 18 April 2016 By Henning Gloystein SINGAPORE, April 18 (Reuters) – Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to...
View ArticleClik here to view.
The new oil order
Apr 23rd 2016 FOR generations, oil and stability have gone hand in hand in Saudi Arabia. The puritanically conservative kingdom has used its oil wealth to buy loyalty at home and friends abroad. But...
View ArticleClik here to view.
Iran confirms oil shipment for Shell
By Daniel J. Graeber | June 13, 2016 TEHRAN, June 13 (UPI) — A shipment of Iranian crude oil was sold to Royal Dutch Shell and talks are developing with other major oil companies, an Iranian...
View ArticleClik here to view.
Short term strength
By Ed Crooks: June 17, 2016 This week has brought evidence of contrasting short-term and long-term trends in the oil market. In the short term, demand and supply are both turning out to be stronger...
View ArticleClik here to view.
Saudi-Iran tensions threaten $5.4bn Japanese refinery merger
MAYUMI NEGISHI The Wall Street Journal 12:00AM July 1, 2016 The battle for hegemony in the Middle East between Saudi Arabia and Iran threatens to up-end a $US4 billion ($5.4bn) merger in Japan. The...
View ArticleClik here to view.
Saudi-Iran Conflict ‘Minefield’ for Japan Oil Refiner Merger
By Tsuyoshi Inajima, Emi Urabe and Shigeru Sato: Updated on July 1, 2016 Idemitsu founding family says shouldn’t hold stake in rival Co. agreed to buy share of Japanese refiner Showa Shell The...
View ArticleClik here to view.
Oil Is Still Heading to $10 a Barrel
By A. Gary Shilling:JUNE 28, 2016 12:00 PM EDT Back in February 2015, the price of West Texas Intermediate stood at about $52 per barrel, half of its 2014 peak. I argued then that a renewed decline...
View ArticleClik here to view.
Next Week Is as Good as It Gets for Big Oil
ByRakteem Katakey and Joe Carroll: 22 July 2016 Several majors expected to post highest earnings in 3 quarters Strong performance may not last as oil seen easing back to $40 For oil companies, the...
View ArticleClik here to view.
Idemitsu Family Buys Showa Shell Stake in Bid to Stop Merger
By Tsuyoshi Inajima, Stephen Stapczynski and Shigeru Sato: August 3, 2016 — 7:09 AM BST Updated on August 3, 2016 — 8:37 AM BST Idemitsu Kosan Co. founding family descendant Shosuke Idemitsu has begun...
View ArticleClik here to view.
Oil market rebalancing could take until end 2017: Shell
Mon Aug 29, 2016 2:01pm EDT By Karolin Schaps | STAVANGER, NORWAY The huge global oil oversupply that has weighed on prices for the past two years may not clear until the second half of 2017, Shell’s...
View ArticleClik here to view.
Shell Sells Gulf Of Mexico Asset, But Faces A Tough Road Ahead
Sarfaraz A. Khan: Aug. 31, 2016 3:20 PM ET Summary Royal Dutch Shell has agreed to sell its Brutus/Glider assets in the U.S. GoM to EnVen Energy for $425 million in cash. The asset sale is a small step...
View ArticleClik here to view.
No oil freeze yet
By Ed Crooks: September 9, 2016 “Grant me chastity and continence, but not yet,” St Augustine wrote in his Confessions, remembering his prayer as an adolescent. Opec members are taking much the same...
View ArticleClik here to view.
Iraq’s OPEC revolt shows Saudi-Iran oil deal fragility
Iraq’s OPEC revolt shows Saudi-Iran oil deal fragility By Rania El Gamal and Alex Lawler | ALGIERS For years, debates in the OPEC conference room were dominated by clashes between top producer Saudi...
View Article