Kazakhstan remains committed to its obligations under the global oil output cut deal between OPEC and non-OPEC members which lasts until April 2018.
Read More »Libya. Nigeria May Attend OPEC Non-OPEC Meeting in July
The ministerial meeting will be preceded by a meeting of a technical committee involving all OPEC and non-OPEC members currently participating in the oil output cutting deal.
Read More »India to Import Crude Oil from US for First Time
A second Indian refiner Bharat Petroleum Corp Ltd also planned to buy its first ever US crude oil cargo and has issued a purchase tender.
Read More »Russia Welcomes US LNG Supplies to Europe
In June. the White House said that the United States is determined to become be a global player in exporting LNG.
Read More »Schlumberger. Halliburton Lose ONGC Deals
Oilfield services providers would be expected to invest in the fields in exchange for payment for every barrel of oil or Btu produced over an established baseline. the report added.
Read More »Al-Luaibi Awaiting Outcome of OPEC Committee Meeting
Iraq is the second-largest member of OPEC after Saudi Arabia.
Read More »Iran’s Exports to EU See Huge Rise
Germany is Iran’s largest trade partner in Europe.
Read More »Nigeria to Hit 40b Barrels Oil Reserve by 2020
In terms of daily production. the fields will yield 50. 000 barrels of crude oil per day and 120 million standard cubic feet of gas per day by early 2019.
Read More »13 Of 28 EU Nations Support Intervention in Nord Stream 2 Deal
Russia and its state firm Gazprom cover one-third of Europe’s gas needs.
Read More »Kurdistan Resumes Shipping Oil to US After Three Years
The dispute escalated when Kurdistan’s deliveries to the US were blocked and Iraqi government threatened to take action against companies transporting the Region’s crude.
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