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What's Affecting Oil Prices This Week (Feb. 19, 2018)?

In the week since our last edition of What’s Affecting Oil Prices, Brent prices averaged around $63.68/bbl last week, within the expected range.

Feb 20 2018 - 9:13am

Egyptian Firm To Buy $15 Billion Of Israeli Natural Gas

Israeli Energy Minister Yuval Steinitz called it the most significant export deal with Egypt since the neighbors signed their historic peace treaty in 1979.

Feb 20 2018 - 7:45am

Saudi Aramco’s IPO: Will It Happen?

Recent windfalls generated through taxes and the kingdom’s “anti-corruption purge” has triggered further speculation about the future of Saudi Aramco’s IPO.

Feb 19 2018 - 8:00am

OPEC’s January Compliance With Oil Reduction Pact Reaches 133%

OPEC Secretary-General Mohammad Barkindo said compliance last year stood at 107% and that OPEC and non-OPEC producers would hold a technical meeting in June.

Feb 19 2018 - 7:55am

Oil Prices Near One-Week High On Weak Dollar, Stocks Rally

Also supporting oil prices was a statement from the UAE energy minister late on Feb. 15 saying oil producers led by Saudi Arabia and Russia aimed to draft an agreement on a long-term alliance by year-end.

Feb 16 2018 - 7:35am

Trump Nominee For Key Post Says He Would Oppose Russia Pipeline

State Department nominee advocates other ways to decrease Europe’s dependence on Russian gas.

Feb 15 2018 - 4:44pm

A Year Into OPEC Production Cuts, Asia's Oil Markets Have Tightened

Reduced volumes of oil in storage indicate that production restraint by OPEC, Russia is effective.

Feb 15 2018 - 10:05am

Deepwater Vs. Onshore Depends On ‘Flavor Of The Month’

At the recent NAPE Global Business Conference, panelists from Hess and Akin Gump gave insight on what plays into developing resources in the Lower 48 or international deepwater.

Feb 15 2018 - 8:00am

Russian Energy Minister: Global Oil Inventories Shrinking Despite US Output Jump

"We are looking at the situation as a whole [and] see that the stockpiles have been shrinking anyway," Russia's Alexander Novack said adding that the U.S. shale oil increase doesn't cover both the demand rise and production decrease.

Feb 14 2018 - 8:05am

IEA: Surge In Global Oil Supply May Overtake Demand In 2018

The IEA said oil prices, which briefly touched a high of $71/bbl in January, could be supported even if U.S. production rises, provided global growth remains strong, or if unplanned supply outages persist.

Feb 13 2018 - 7:45am