Friday, May 22, 2026

World’s Most In-Debt Oil Company to Get $10 Billion Lifeline from China

Petrobras plans to use loan to help pay down debt Petrobras (ticker: PBR, Petrobras.com) will receive a $10 billion loan from the China Development Bank to help pay down the company’s debt coming due this year, according to a report from China Business News. In exchange for helping PBR pay its $12 billion 2016 debt, Petrobras will supply oil to

Analysts have been publicly claiming that a drop in the value of the U.S. dollar is coming. Of course, this has implications for oil - Oil & Gas 360

Energy Capital Firms Adding Horsepower

Tailwater, Stephens Make Executive Hires Tailwater Brings in MLP/Midstream Vet Stephen Lipscomb Dallas-based Tailwater Capital LLC is continuing to grow its team with the addition of Stephen Lipscomb as a vice president. Lipscomb brings nine years’ experience including midstream operations, private equity and investment banking, Tailwater said in a press release. Lipscomb was a senior director at Crestwood Equity Partners, a publicly-traded master limited

Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says - Oil&Gas360

OPEC Member Sees Group-Wide Freeze and $50 Oil on the Horizon

Nigeria’s oil minister sees OPEC production freeze as likely, says Saudis are pushing for it A wider production freeze inside of OPEC could be close at hand, Nigerian Oil Minister Emmanuel Ibe Kachikwu said during an interview with CNBC. Earlier this month, four OPEC producers and Russia agreed to maintain production at January levels, welcome news in a global market

Iraq Valve- oilandgas360

Iraq Production Growth Second-Largest in the World in 2015

After U.S.A., oil production in Iraq increased the most, averaging 700 MBOPD last year Oil production continued to grow last year amid a global glut. Over the course of 2015, the U.S. saw the largest growth in oil production, followed by Iraq and Saudi Arabia. In 2015, oil production in Iraq, including fields in the Kurdistan Region in norther Iraq,