Algeria remains dependent on oil and gas earnings. which provide 60 percent of the state budget.

The ships are designed to enable the delivery of LNG eastbound along the Northern Sea Route to Asia.

The minister reiterated that Gazprom will remain a reliable energy partner for Europe despite current difficulties.

OPEC wants to develop a closer relationship with the U.S. shale industry.

OPEC'.s top executive said at CERAWeek on Tuesday that the 100-million barrel per day market is fast approaching.

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Companies that continue to operate offshore have particularly poured fewer dollars into wildcat exploration.

Kirkuk crude sales have been halted since Iraqi forces took back control of the oil fields from the Kurds last October.

Barkindo plans to meet with physical crude traders and oil hedge funds while he’s in Houston.

Over the next five years. Wood Mac expects U.S. shale producers to add some 4 million bpd to their daily production.