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Surge in global oil supply may overtake demand in 2018: IEA

(Reuters) - The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International...

Upstream expenditures expected to grow in 2018 to US$400 billion –...

(Offshore Engineer) Believing that major spending cuts are over, Wood Mackenzie expects global upstream capital expenditures to grow slightly in 2018 to a total...

Big global oil projects are starting to get off the ground

(Bloomberg) The global oil industry’s backlog of big drilling projects is starting to shrink as prices improve. From production vessels tapping Brazil’s deep-water reserves to...

How did oil come to run our world?

The first recorded uses of oil: 3,000 BC We are not the first people in history to exploit oil as a resource. Some of the...

Global demand for oil could outstrip supply after 2020 unless new...

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the...

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