The Organization of Petroleum Exporting Countries reduced production by 221.000 bpd in February.

Venezuela´s oil output has long been on a downward spiral thanks to years of underinvestment and mismanagement.

The industry has been characterized by feast or famine. huge waves up or down.

Rystad Energy forecasts that some operators in Venezuela will run out of naphtha by this month.

Global liquefied Natural gas (LNG) supply would increase by 35 million to 40 million tonnes in 2019.

Global liquefied Natural gas (LNG) supply would increase by 35 million to 40 million tonnes in 2019.

Egypt became a major consumer of the fuel in 2015.

BP was in fact an early mover into renewables.

OPEC members agreed to trim 800.000 barrels a day from October’s production levels for six months through June of this year.

The IEA warned that the oil industry is in danger of creating a major supply gap in the 2020s.