Saudi Arabia will be 'reluctant to exhaust' its 'substantial' spare capacity, according to oil and gas analysts at BMI Research.

Saudi Arabia will be “reluctant to exhaust” its “substantial” spare capacity, according to oil and gas analysts at BMI Research.

There is perhaps no industry that better captures the money-multiplying effect of the Permian boom.

(Bloomberg) -- Standing high on top of a windswept dune in the West Texas plains, Greg Edwards stares out into a vast ocean of sand.

ALMATY, July 10 (Reuters) - Kazakhstan's oil output rose 6.2 percent year-on-year in the first half of 2018 to 45.2 million tonnes, Energy Minister Kanat Bozumbayev said on Tuesday.

NEW YORK, July 10 (Reuters) - Oil rose on Tuesday, supported by a larger-than expected U.S. stock draw and supply concerns in Norway and Libya, though gains were tempered by the United States' indication that it would consider requests for waivers from Iranian oil sanctions.

CALGARY, Alberta, July 10 (Reuters) - The president of OPEC urged Canada on Tuesday to invest in infrastructure to move oil and gas, or risk watching investment flow away to the United States.

MELBOURNE, July 9 (Reuters) - An Australian regulator said on Monday it had found some safety problems on the offshore gas platform for Japanese firm Inpex Corp's Ichthys LNG project off northern Australia and was considering enforcement action.

TUNIS, July 9 (Reuters) - Libya's national oil oil rig flanges gulf coast production fell to 527,000 barrels per day (bpd) from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation (NOC) said in a statement on Monday.