Gas is increasing in demand as the Chinese government moves to replace coal to combat air pollution.
Read More »BP Halts Work on North Sea Gas Field due to US Sanctions on Iran
Oil giant is in the process of selling its stake in the Rhum field to a smaller British company.
Read More »Maduro Wins Second Term amid Boycott
Increasing authoritarian rule and mismanagement of the all-important state-run oil industry have caused a deepening economic crisis.
Read More »Pradhan Wants Saudis to Keep Oil Prices Stable
Pradhan has concern about rising prices and its negative impact on consumers and the Indian economy.
Read More »Russia will ‘Fight’ for German Pipeline Project despite U.S. Opposition
The pipeline is expected to transport upwards of 55 billion cubic meters of gas annually from Russia to Germany beginning in 2019.
Read More »Putin Seeks Common Cause with Merkel over Trump
The volume of transit would have to be ".commercially viable". for Ukraine.
Read More »Saudi Arabia. UAE. Russia to Discuss Oil Supplies Following US Withdrawal from JCPOA
St. Petersburg International Economic Forum will be held on May 24-26. 2018.
Read More »Nord Stream 2 Pipeline Officially under Construction in Germany
Work has officially begun to build the German section of a contested gas pipeline from Russia that is opposed by Poland and other countries.
Read More »S Korea: Iranian Crude Imports Fall 25% on year to 9.09 mil Barrels in Apr
The rise in crude oil imports in April came despite a sharp increase in the country'.s crude stockpiles.
Read More »US Decision on Iran may Trump Government Math. Pinch Fuel Consumers
Economists and investment bankers believe a 10% increase in oil price could raise inflation by 0.2-0.3%.
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