International

Aramco’s Research and Development Center won the Breakthrough Research of The Year for their Project.

Turkey strongly objects to exploratory drilling off Cyprus.

Nord Stream 2 is a joint venture of Gazprom and five European companies.

Libya hopes to obtain an exemption from possible reductions in oil production.

Venezuela’s crude production could soon sink to below 1 million bpd.

The IEA has forecast strong growth in gas use in other parts of Asia. including South and Southeast Asia.

The capital plans to boost oil output capacity to 4 million bpd by 2020 and 5 million bpd by 2030.

Oil prices at $70 or above is never the best choice for the consumers and Russia is in that camp.

Despite its discontent. Bagdad prefers to maintain good relations with Russia for several reasons.

Demand for oil will one day peak and Saudi Arabia needs to prepare for that day.