At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.
Read More »Lebanon Oil and Gas will Tempt Mediterranean Region
Lebanon has 95.9 trillion cubic feet of gas and 865 million barrels of oil in just 45 percent of its economic waters.
Read More »Venezuela Oil Exports Stable In March
The blackouts suspended operations at Venezuela’s largest oil export terminal.
Read More »Saudis Raised Taxation on Aramco by Switching to Brent Oil
The change could add nearly 7 percent to the price used to determine the royalty.
Read More »Global Gas Consumption Rise with Further US. China Demand
Natural gas consumption increased by 170 billion cubic meters in 2018 compared to 2017.
Read More »World`s Biggest Oil Field is Fading Faster than Anyone Guessed
Ghawar in Saudi Arabia is the world'.s largest conventional oil field.
Read More »Trump Issues New Permit for Keystone XL Pipeline Project
The 36-inch diameter pipeline project is planned to begin at Hardisty in Alberta province.
Read More »US Appreciates India`s Efforts to Cut Oil Imports from Venezuela
The US. along with 50 other countries recognized Guaido as the legitimate President.
Read More »Pipelines could Derail the US Oil Boom
Quality could at some point become a bigger problem for US producers.
Read More »Asian Coal and Gas Prices Decline. A Reminder To Oil Markets
The liquefied natural gas spot prices decreased by more than half since September.
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