China will import 452 million tonnes. equivalent to 9 million bpd. in 2018.

Energy storage is key to overcoming these challenges and unlocking the full potential of renewables.

Analysts believe the shift toward electric cars will decrease oil demand.

The IMF’s outlook revision comes as Saudi Arabia and Russia discuss their exit strategy for the oil production cut.

There’s an acceptance that the OPEC-led deal should extend beyond 2018. Falih said.

With crude inventories down. Goldberg expects Brent to climb about 15% from current levels of $68.50 bbl to about $80 bbl.

Libya. along with Nigeria. is formally excluded from an effort by the OPEC to balance an oversupplied market with coordinated production cuts.

The project envisions the development of the Estacion Fernandez Oro field together with Argentina’s largest oil and gas company YPF.

The EIA expects the cost of natural gas for electricity generation to remain ``relatively competitive`` with coal over the next two years.

China’s total exports of refined fuel touched an all-time monthly high of 6.17 million tonnes in December.