Qatar- Convergence and divergence between oil and natural gas prices

At the present time, monitoring oil prices-reference oils, for example, Brent oil, West Texas Light oil, Dubai and Oman oil, to determine other oil prices, in terms of quality and spatial quality, is no longer difficult for specialists or analysts. Specialised bulletins publish this periodically and in a similar manner. Daily, weekly and monthly rates…

Barkindo Warns Against Flouting OPEC Crude Oil Production Cuts

Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mr Mohammed Barkindo, has urged member countries not to flout last April’™s deal to cut their crude oil production quotas, despite recent noticeable improvement in the international market. Barkindo, who spoke with Energy Intelligence, according to the international oil cartel Tuesday, also advised OPEC+ members to…

Judge Strikes Down US Energy Leasing Rules In Bird Habitat

A U.S. judge has dealt another blow to the Trump administration’s efforts to increase domestic oil and gas output from public lands, saying officials failed to protect habitat for a declining bird species when it issued energy leases on hundreds of square miles. Judge Brian Morris said the Interior Department did not do enough to…

US drilling industry says offshore ban would crush jobs, government revenues

US drilling industry says offshore ban would crush jobs, government revenuesA US ban on new offshore drilling in the Gulf of Mexico, which presidential hopeful Joe Biden promised to enact if elected, would lead to hundreds of thousands of job losses and billions in lost government revenue over 20 years, an offshore drilling industry group…

Govt to ask Central PSUs to ramp-up dividend payouts, share buybacks

The central government is assessing the cash position of state-owned companies and will ask them to ramp up dividend payouts and share buybacks as much as possible, Business Standard has learnt. This comes at a time when the Covid-19 pandemic and the nationwide lockdown has ensured that revenue from sources like taxes and divestment may…