International

Russia’s ability to increase its oil extraction on its current technological basis has been effectively depleted.

Nigeria is presently the fourth exporter of gas in the world.

Russia currently expects its oil production to stay at these high levels in the next five months.

The sanctions proposed against Russia’s energy sector could cause more damage. but the details remain unclear.

India is working with Bangladesh in interconnecting gas grids and supplying diesel through pipelines.

The project is awaiting completion of security approvals and the licenses necessary to start drilling.

At 408.7 million barrels. the EIA said. crude oil inventories were below the five-year seasonal average.

Kuwait has long planned to increase its global capacity to produce oil and gas.

Not only is U.S. shale production growing. but the shale industry as a whole is expected to become profitable this year for the first time in history.

S.Korea has favoured coal and nuclear power to generate cheaper electricity and to ensure stable power supply.