International

Libya'.s oil industry has been at the mercy of groups vying for control of valuable assets.

Vietnam and China have long been locked in a maritime disagreement over the resource-rich waters of the South China Sea.

The goal is to increase Iraqi export outlets and find markets for the increasing oil production.

The China Coast Guard has recently deployed vessels to monitor oil and gas drilling in Vietnamese and Malaysian waters of the South China Sea.

Experts estimate that the sea bed off Cyprus holds around 227 billion cubic metres of natural gas deposits.

The European Commission says Turkey has been drifting further away from the prospect of eventual EU membership.

Despite the rise in the June production. Russia was still complying. for a second month. with its pledge under the OPEC+ deal.

The CEOs of oil companies are in a tight spot.

Saudi Arabia. with the world’s biggest reserves of conventional crude. has long drawn on its prolific deposits to help balance global oil markets.

A combination of these solutions would go a long way in minimizing the impact of climate change.