Vitol has now revised down its oil demand growth forecast for next year to 1.3 million bpd.

Saudi Arabia is the only producer with significant spare capacity around 2 million bpd.

The most crucial difference between Goldman and some other forecasters is the confidence in emerging market demand.

The oil market ran higher in anticipation of this week’s formal re-imposition of sanctions against Iran by the United States.

The United Arab Emirates (UAE) is seeking to increase its oil output by 5 million barrels per day by 2030.

ExxonMobil. ENI and Total have all said they are committed to energy drilling near Cyprus.

It was the first government reshuffle in Qatar. the world’s top liquefied natural gas producer.

Iran exported the equivalent of 2.5 million barrels a day in April.

IEC 61850-Based Smart Substations: Principles. Testing. Operation and Maintenance systematically presents principles. testing approaches. and the operation and maintenance technologies of such substations from the perspective of real-world application. The book consists of chapters that cover a review of IEC 61850 based smart substations. substation configuration technology. principles and testing …

Unlike traditional oil. shale oil is more capital-intensive.