International

Last year Exxon said they may invest over $10 billion in Vaca Muerta shale projects over the next few decades.

Kuwait also plans to start selling a new grade of crude called Kuwait Super Light from January.

The world’s top shale play. the Permian. has shown remarkable resilience amid the lower-for-longer oil prices.

U.S. crude for November delivery stood around $52 per barrel on Tuesday.

Russia is currently the top exporter to China for oil and energy. and the fifth for coal.

North Korea also produces coal. exporting some US$1.2 billion of this to China last year.

India imports oil to meet most of its growing energy demand.

The battle between Naftogaz and Gazprom serves as a reminder. to some. that the Russians cannot be trusted.

Japanese companies are going to require major investments in international oil and gas projects.

The North Sea’s problem has always been high production costs.