Companies

Over the next two months. the UAE will cut another 278000 bpd. demonstrating its compliance with its quota under the agreement.

Aramco plans to sign an additional agreement with Jacobs Engineering to form a joint venture for project management.

Goldman kept its average Brent price forecast for the third quarter of 2017 at $57 per barrel.

Almost every global market beyond China experienced growth in wind development.

The giant South Azadegan Oilfield near the Iraqi border has been singled out as the first field to be tendered under the new terms.

Pakistan would do away with the deficit gas production by importing 3bcfd by December 2018.

This is one of six natural gas supply agreements worth a combined $5 billion.

LNG import prices in Japan. the world’s biggest buyer. averaged about $9 per million British thermal units in 2009.

The delay of additional oil product supplies in Asia could be good news for refiners. but could weigh on the crude oil market.