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Russian Putin says shale oil technologies are "barbaric"

Russian President Vladimir Putin speaks during the Russia call! VTB Capital Investment Forum on November 20, 2019 in Moscow, Russia. Mikhail Swetlow | Getty Images News | Getty Images Russian President Vladimir Putin has sharply criticized states such as the US for ignoring the environmental impact of shale oil and gas production, calling it a "barbaric" process in which the …

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Russia wants to increase crude oil exports

Russia expects to increase its crude oil exports by around 400,000 to 500,000 bpd to more than 5.6 million bpd within five years, Energy Minister Alexander Novak said in an article in the Russian-language journal Energy Policy. Russia will not only maintain its position in global energy markets, but also expect it to increase its crude oil exports by up …

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Global oil demand growth more than doubled in the third quarter

Global oil demand grew by 1.1 million barrels a day in the third quarter of 2019, more than double the 435,000 barrels a day in the previous quarter, according to the latest report from the International Energy Agency (IEA). China made the biggest contribution with an increase in demand of 640,000 barrels a day year-over-year, and the closely watched report …

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IEA sees $ 90 before the decline of oil

Global oil demand will plateau around 2030, according to a key new report, but demand is far too slow to cushion the worsening effects of climate change. Oil demand begins to flatten in the 2030s. "Under the pressure of increasing fuel efficiency and electrification of mobility," said the International Energy Agency (IEA) in its highly anticipated annual World Energy Outlook. …

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Saudi Arabia's 'control' and 'influence' on oil giant

The public listing of Saudi Arabia's state-owned oil company has been highly anticipated by the market, but analysts say investors should consider the kingdom over the company. "The biggest issue with Aramco is that everything about." Pavel Molchanov, director and energy analyst at Raymond James. Aramco said in an email that he will respond to CNBC's queries on "earliest opportunity." …

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Iran President: New oil field with over 50 billion barrels found

Tehran, Iran – Iran has discovered a new oil field in the south of the country with more than 50 billion barrels of crude oil, its president said Sunday. A find that could increase its proven reserves by a third when it comes to selling energy overseas through US sanctions. The announcement by Hassan Rouhani comes when Iran faced US …

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