A switch to cleaner fuels in the world's ships in 2020 could double the profits of the world's most advanced oil refineries - but threatens to put older ones out of business and punish those countries, including prominent OPEC members, t...  +

Iraq’s Kurds say their oil production in September was 290,000 barrels a day lower than the federal government’s figures for the semi-autonomous region, as OPEC’s second-biggest member tries to resolve accounting differences with the pro...  +

As crude prices continue to get dragged down by a global glut that shows no signs of abating, oil traders may find some profit by going to sea.     Read Article  +

LONDON (October 27, 2016) – Back in April 2016, FGE announced that Dr. Fereidun Fesharaki, Chairman of FGE, had been selected by the USAEE Awards Committee to receive the Adelman-Frankel 2016 award. On October 24, 2016, Dr. Fesharaki was...  +

Iraq is arguing that its intensifying war against Islamic State won't allow it to reduce output along with other OPEC members, threatening to derail the landmark agreement.     Read Article  +

HOUSTON, TX (October 24, 2016) - FGE is delighted to welcome Mr. TJ Braziel as our new Houston representative.TJ joins us after having worked at Bentek, Genscape, and Rig Data in their business development and sales departments. At FGE, ...  +

Oil climbed above $US50 a barrel in New York for the first time since June as declines in US crude inventories and OPEC's pledge to reduce supply lifted hopes the global glut may clear.     Read Article  +

New contracts signed by Iran will help boost its total output to about 4 million barrels per day(bpd) and better rewarding investment in crude and natural gas production – which has long been viewed as crucial to increasing its long-term...  +

Iran's total crude oil and condensate sales likely reached around 2.8 million barrels per day in September, two sources with knowledge of the matter said, nearly matching a 2011 peak in shipments before sanctions were imposed on the OPEC...  +

Asian shares traded lower Friday as traders dialed back hopes for proposed oil-production cuts, and as Deutsche Bank worries continued to rattle global markets.     Read Article  +