BP’s industry-leading digital rocks program was established 10 years ago.
Read More »OPEC Oil Price Drops by 1.3%
The price of OPEC’s basket of 13 crudes stood at $48.34 a barrel on May 3.
Read More »Iraq Calls for Bids for New Oil Refinery in Basra
Iraqi forces recaptured it in 2015 but it sustained heavy damage in the fighting.
Read More »Baku to Host International Power and Alternative Energy Exhibition
The Caspian Power 2017 exhibition provides a unique opportunity to meet with leading specialists of the electric-power industry.
Read More »India Will Cut Oil Imports from Iran by a Quarter
The volume cuts would put India'.s imports of Iranian crude for this fiscal year at 370.000 barrels per day.
Read More »U.S. Crude Production is Surging. Complicating OPEC’s Efforts to Rebalance the Oil Market
Exploration and production firms are still adding drilling rigs at an average of almost 10 per week.
Read More »Norway`s Statoil Interested in Algerian Offshore. Renewables
Algeria will announce shortly a major solar project of 4.000 Megawatts as part of its renewable energy development.
Read More »Kuwait Energy to Be OPEC State`s First London-Traded Company
The Persian Gulf nation of Kuwait is the fifth-largest producer in the Organization of Petroleum Exporting Countries.
Read More »Russia Cuts Oil Output by 300.790 bpd
Russia has agreed to cut its oil output by 300.000 barrels per day under the OPEC deal signed in Vienna.
Read More »How Long Does OPEC Need to Cut Production?
The oil market needs more time to start using up stored inventories. which are on the verge of declining.
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