<b>Oil</b> prices could spike more than 25%, according to closely followed economist Jim O’Neill

Brent crude oil may surge to $80 a barrel in the next year, says economist Jim O’Neill. The market is waking up to robust global economic growth and is wary of geopolitical risk emanating from Saudi Arabia, O’Neill writes in Barron’s. O’Neill’s preferred measure of the market suggests a trend change is …

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<b>Oil</b> Industry Is To Blame For Unnatural Number Of Earthquakes In Texas

Despite recent drops in the price of oil, many residents of Andrews, and similar towns across the Permian, are trying to take the long view and stay optimistic. The Dow Jones industrial average plunged 540 points on Wednesday after crude oil plummeted …

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<b>Crude oil</b> output, exports at Mexico’s Pemex rise in October

Production and exports of crude oil at Mexican state oil company Petroleos Mexicanos, or Pemex, increased in October, the firm said. Crude output rose by 9.9 percent from the previous month to 1.902 million barrels per day (bpd) after suffering a sharp…

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UPDATE 2-Saudi Aramco, SABIC plan to build $20 bln <b>oil</b>-to-chemicals complex

DHAHRAN, Saudi Arabia, Nov 26 (Reuters) – State oil giant Saudi Aramco and petrochemical producer Saudi Basic Industries Corp (SABIC) signed a preliminary deal on Sunday to build a $20 billion complex to convert crude oil to chemicals. The project, whi…

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New Iraqi pipeline planned to send Kirkuk <b>oil</b> to Turkey

Unidentified attackers on several occasions blew up the strategic Kirkuk-Ceyhan oil pipeline in Iraq’s northern Kirkuk province. Iraq is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) after Saudi Arabia, and holds the world’s fifth-largest proven crude …

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Saudi Aramco and Sabic to build world’s largest <b>oil</b>-to-chemicals plant

Saudi oil and chemical majors Aramco and Sabic have signed an agreement to build one of the world’s largest oil-to-chemicals facilities, valued at US$20 billion, as Riyadh continues to diversify its economy away from reliance on crude revenues. The integrated complex, said to be located on the …

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GPCA ’17: Saudi Aramco, SABIC to build <b>crude</b> to chemicals complex in S Arabia

DUBAI (ICIS)–Saudi Aramco and chemicals major SABIC have signed an agreement to develop a fully integrated crude oil to chemicals complex (COTC) in Saudi Arabia which is expected to start operations in 2025, the Saudi energy giant said on Sunday. The …

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Iraq to build new <b>oil</b> pipeline to Turkey

Iraq is to build a new pipeline to allow oil exports to resume from the northern province of Kirkuk to neighbouring Turkey, the oil ministry said Sunday. Oil Minister Jabbar al-Luaybi has ordered documents to be prepared towards building the new pipeline to “transport crude oil from Kirkuk’s oilfields to the …

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