Venezuela has allocated five billion barrels of oil to back its cryptocurrency.
Read More »Bob Dudley: 2017. One of Strongest Years for BP
Payments related to the Gulf of Mexico oil spill in 2010 totalled £3.7billion in 2017. down from £4.9billion in 2016.
Read More »Europe Avoids Russian Oil because of Quality
The quality of crude oil is measured based on the amount of sulphur and the level of gravity or density.
Read More »Putin: No Need to Be Afraid to Talk about Shipments of Russian Gas to US
Yamal LNG is located in the Russian Arctic.
Read More »Saudi Aramco Mulls Expansion to India
Saudi Aramco is looking at additional investments in China.
Read More »US: for Russia. Energy is a Political Tool in Europe
Nordic nations have already voiced security concerns over the pipeline being laid near their shores under the Baltic.
Read More »UK Want to Squeeze Every Last Drop out of the North Sea Basin
It is estimated between 10 and 20 billion barrels remaining in the UK Continental Shelf that could be extracted.
Read More »What`s Behind Russia and Saudi Arabia`s Oil `Bromance`?
In global politics. as in business. there are no ``friends`` and there is no ``bromance.
Read More »Russia-OPEC Production Cut Helps Oil Market Rebalance
The existing cuts have been extended till the end of 2018.
Read More »IMF Predicts Saudi Arabia Growth Outlook
The IMF’s outlook revision comes as Saudi Arabia and Russia discuss their exit strategy for the oil production cut.
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