Russia is looking to open new gas fields and selling to the international market.
Read More »The Arctic Threat to Saudi Arabia’s Grand Oil Bargain
Russia has three oil export terminals on its Arctic coast.
Read More »Indonesia in Energy Crisis
The country consumes 1.4 million barrels of oil per day.
Read More »Russia is Aiding North Korea with Oil Imports. Ignoring U.S. Efforts to Isolate Kim Jong Un
In September. Reuters and The Washington Post both reported that Russia was helping North Korea avoid U.S. sanctions and providing the country with fuel.
Read More »Korea Becomes World`s Sixth Largest Exporter
Shares of South Korean goods on the global market rose to a record 3.3 percent in the first half of this year.
Read More »World`s Largest Oil Consumer Needs a Lot Less Oil. Thanks to Its Own Output
U.S. net oil imports. including crude and refined products. last week dropped to just 1.77 MMbpd.
Read More »China to Step up Oil. Gas Exploration
China aims to increase domestic crude oil output to 200 million tonnes by 2020.
Read More »Russia Warns Denmark on Gas Pipeline
The US earlier this year threatened to impose fines on EU firms that invested in the pipeline.
Read More »As OPEC Extends Output Cuts. Asia Turns to North America for more Oil
The U.S.-Asia route is at least twice as long as that from the Middle East to the main Asian trading hubs in China. Japan. South Korea. Taiwan and Singapore.
Read More »OPEC may Include Output Quotas for Nigeria. Libya
Libya and Nigeria. both OPEC member states are exempted from the obligation to cut production within the deal.
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