The oil industry's fears of a fresh bout of weakness in global crude oil prices are crystallising, as Brent crude oil plunged to less than $US60 ($80.20) a barrel for the first time since mid-April, with prospects for a recovery in the near term l...  +

LONDON (June 23, 2015) - We are pleased to announce that FGE Chairman, Dr. Fereidun Fesharaki, will be presenting a special seminar on "Iran After Sanctions: A World of Opportunities in the Oil and Gas Sector."  The seminar will be attended by C...  +

LNG producers will have to wait years to get new projects off the ground as global markets work through a glut of supply.        Read Article  +

Mideast oil powers Saudi Arabia, UAE to cut gasoline imports.     Read Article   +

As Europe's refining industry enjoys a rare revival, the recent decline of its jet fuel market may be pointing to weaker times ahead for the region's refinery profitability.     Read Article  +

A slump in Chinese demand growth for natural gas looks set to worsen a supply glut for LNG in Asia, amid a broader slowdown in consumption in the world's largest growth market for energy, which could pose a worry for Australia's energy exporters. ...  +

At almost every Opec meeting for 20 years, Saudi Arabia’s oil chief Ali al-Naimi has garnered more attention from the press and analysts than any other minister.     Read Article  +

With oil prices down some 40% in a year, the oil ministers of the Organization of the Petroleum Exporting Countries (Opec) are once again getting together in Vienna this week to decide whether to cut output or keep pumping crude oil into a market ...  +

Saudi Arabia's rapid transition into one of the world's largest oil refiners adds an extra dimension to the oil exporter's role as the driver of OPEC policy.     Read Article  +

As Iran positions itself to reenter the market, rival producers are wary of a further drop in prices.      Read Article  +