South Korea had the market share at 70% of the orderbook by cbm. followed by Japan (21%) and China (9%).
Read More »Big Oil Shifts from Profits to Production
A rebound in crude prices helped the world’s energy supermajors generate higher profits in the second quarter.
Read More »Russia Reverses Almost All Its Oil Production Cuts
Russia currently expects its oil production to stay at these high levels in the next five months.
Read More »The End of Cheap Gasoline in Venezuela
Maduro promised earlier this week to roll out a new plan to ease the economic crisis.
Read More »Oil Exploration Falls amid U.S.-China Trade War
Oil output in the U.S. fell by 100.000 barrels a day to 10.9 million last week. according to the Energy Information Administration.
Read More »Aramco Opens Modern Well Control Training Center
The resultant analyses and runs in audio. video. and data formats are said to assist calculated decision making.
Read More »China`s 25% Tariffs. Risk for U.S. LNG Exports
China accounted for 13% of the exports from Cheniere’s Sabine Pass terminal in Louisiana as of mid-June.
Read More »Oil Industry`s Supply Crunch Looks Inevitable
U.S. shale production is expected to slow over the next year.
Read More »Saudi Arabia Decrease Oil Pricing To Attract New Buyers
The cut in Arab Light prices for September was the second consecutive monthly reduction of the OSP to Asia.
Read More »US to Impose Devastating Set of Sanctions on Russia
The sanctions proposed against Russia’s energy sector could cause more damage. but the details remain unclear.
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