17 dec – Indian oil firms need to bring in foreign players to unlock resources: Dharmendra Pradhan

  Indian oil firms need to bring in foreign players to unlock resources: Dharmendra PradhanNEW DELHI: India’s oil minister Dharmendra Pradhan asked exploration companies to consider farming out their acreages to global players with advanced technology to expedite development and raise oil and gas output. India, the world’s third biggest oil importer and consumer, depends…

16 DEC – OPEC President: OPEC+ Shouldn’t Hurry To Ease Oil Output Cuts

  The OPEC+ group of producers must continue to calibrate the easing of its collective oil production cuts to the still fragile global oil demand in the pandemic, Abdelmajid Attar, the Energy Minister of Algeria, which holds OPEC’s rotating presidency for 2020, told Bloomberg in an interview. “Despite the positive signs and a significant improvement…

15 DEC – Letter from the Middle East: The UAE and Opec—a problem postponed, not solved

  The solution reached by Opec+ in early December may have calmed oil markets’ fears over lack of unity in the alliance’s appetite for retaining production curbs until the end of the year. But month-by-month revisiting of output limits opens the prospect for tensions to emerge with each negotiation. And the potentially growing impatience of…

15 DEC – OPEC’s President Says Oil Cartel Cannot Rush Output Increases

  The president of OPEC reiterated that the oil producers’ cartel shouldn’t rush to increase output early next year and said energy demand was still fragile with the coronavirus raging across parts of the world. Algeria’s Energy Minister Abdelmajid Attar, who holds OPEC’s rotating presidency, said there was no guarantee the group and its allies…

15 DEC – America’s last wilderness is about to go to the highest bidder for oil drilling

  ‘The refuge includes the birthing grounds of the Porcupine caribou herd, as well as the prime denning area for the Beaufort Sea polar bears (a threatened species, numbering only 900).’ Photograph: AP Language is everything. Those who argue for oil drilling in the Arctic national wildlife refuge, a place of stunning wild beauty in…