International

London-based Standard Chartered has been fined $1.1 billion by US authorities for allegedly breaching sanctions against Iran and other countries.

The joint ministerial monitoring committee of OPEC+ is meeting in May.

At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.

Lebanon has 95.9 trillion cubic feet of gas and 865 million barrels of oil in just 45 percent of its economic waters.

The blackouts suspended operations at Venezuela’s largest oil export terminal.

The change could add nearly 7 percent to the price used to determine the royalty.

Natural gas consumption increased by 170 billion cubic meters in 2018 compared to 2017.

Ghawar in Saudi Arabia is the world'.s largest conventional oil field.

The 36-inch diameter pipeline project is planned to begin at Hardisty in Alberta province.