OPEC agreed to lower production in 2017 and has agreed to maintain output cuts for the whole of 2018.
Read More »French Engie Supports Nord Stream-2 despite Sanctions
Gazprom and its five partners signed agreements on a new model for financing the project in April 2017.
Read More »Novak and Al-Falih Satisfied with Oil Market Rebalancing
Oman will host the joint ministerial monitoring committee. known as the JMMC. on Sunday.
Read More »Iran`s light oil Continues to Rise
The price of Iran'.s light oil increased by 1.69 dollars in the mentioned period to reach 69.26 dollars per barrel.
Read More »Al-Falih Urges Oil Producers to Extend Cooperation Beyond 2018
Falih and UAE minister Suhail al-Mazroui said they did not think the rise in prices would hurt global demand for oil.
Read More »S. Korea Plans to Boost LNG Imports from Russia
Korean businessmen also intend to participate in the creation of a fishing industry complex on Nazimov Cape near Vladivostok.
Read More »Kuwait oil minister: not discussing exit strategy from supply cuts at Sunday meeting
OPEC. supported by Russia and other non-members. began to reduce output a year ago to remove an oil glut built up in the previous two years.
Read More »Big Oil Hiring Women. but the Trouble is Keeping them
Seventeen percent of Conoco’s top leadership and 28 percent of its professional employees were women in 2016.
Read More »Next OPEC+ Ministerial Meeting Planned for April
Saudi Arabia’s energy minister urged global oil producing nations on Sunday to extend their cooperation beyond 2018.
Read More »Toshiba Agrees to its Sell Westinghouse Nuclear Unit Assets to Boost Capital
The sale will end the Japanese conglomerate’s troubled foray into overseas nuclear power.
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