Both Iran’s and Venezuela'.s production woes have contributed significantly to the cartel’s over compliance to the group’s production cut quota.
Read More »Global Gas Consumption will Grow 1.6% Per Year
Eurasian demand is impacted by efficiency gains in the gas-fired power generation fleet.
Read More »UN Chief Urges Investigation into Gulf of Oman Attacks
UN Chief urged Friday an independent probe to investigate recent attacks on two oil tankers in the Gulf of Oman.
Read More »Oil Prices Rebound on Friday from Two-Month Low
Commercial crude oil inventories in the U.S. increased by 4.7 million barrels. or 1%. to 476.8 million barrels for the week ending May 17.
Read More »Oil Gains with OPEC Signaling Output Cut Extension
Tensions in the Middle East continue to risk secure supply of oil from the region to the global market.
Read More »Mediterranean Gas and Turkey-EU Ties
Turkey wants to diversify its energy sources.
Read More »Oil Prices Gain as China Set for Trade Talks with US
The U.S. goods and services trade deficit with China was $378.6 billion in 2018.
Read More »Oil Prices Rise with Decline in US Oil Rig Count
Crude oil prices were slightly up during the week with declines in U.S. crude oil inventories and production.
Read More »US Rises Crude Oil Stocks and Output
Crude oil production in the U.S. rose by 100.000 barrels to 12.2 million barrels per day (bpd) for the week ending March 29.
Read More »Global LNG Trade Increases by 8.3 pct in 2018
Qatar was the main exporter of LNG in 2018 with 76.8 million tonnes.
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