oilprice

Global Industry: “Trump Welcome To Join Dialogue On Oil Market Rebalancing” – OPEC Chief

Posted on by Mozambique Resources Post
Global Industry: “Trump Welcome To Join Dialogue On Oil Market Rebalancing” – OPEC Chief

U.S. President Donald Trump is welcome to join a dialogue on balancing the global oil market, OPEC Secretary General Mohammad Barkindo told Reuters on Wednesday. Advertisements

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Global Markets: Natural Gas Price Explosion Bankrupts Traders

Posted on by Mozambique Resources Post
Global Markets: Natural Gas Price Explosion Bankrupts Traders

A Tampa, Florida based options trading firm, OptionSellers, went dark this weekend after it informed its clients of a “catastrophic loss event,” resulting from a short squeeze on the natural gas market, ZeroHedge reports, citing parts of the letter.

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Global Oil & Gas: OPEC Considers Capping Oil Output Of Exempt Libya, Nigeria

Posted on by Mozambique Resources Post

OPEC is thinking of putting a ceiling on the crude oil outputs of Libya and Nigeria, as rising production from these two OPEC producers exempt from the cuts is further complicating the cartel’s efforts to draw down oversupply and boost oil prices, The Wall Street Journal reported on Friday, citing OPEC delegates.

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Africa Oil & Gas: Is Mozambique Africa’s Qatar Of Natural Gas?

Posted on by Mozambique Resources Post

Mozambique had decided that its massive natural gas reserves would be the country’s ticket off of the world’s poorest countries shortlist – but mismanagement of domestic strife and wonky fiscal planning have put Maputo behind in becoming Africa’s Qatar.

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From Oilprice: Political Climate Shifting Against The Oil And Gas Industry

Posted on by Mozambique Resources Post

Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the industry, raising more “above ground” problems at a time that they can ill-afford it.

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