Move follows pressure from US as prices breach $80 a barrel.
Read More »Aramco IPO ‘Most Likely’ In 2019
Saudi Aramco’s much-hyped initial public offering is ``most likely`` to take place in 2019.
Read More »Birol: Turkey Taking Right Steps in Green Energy
Many countries like Denmark are investing in solar and wind energy technologies.
Read More »US Oil and Gas Production is Leaving Saudi Arabia and Russia Behind
The EIA estimates that the US pumped the equivalent of 30 million barrels of oil per day in 2017.
Read More »OPEC to Mull New Ways to Control Oil Stockpiles
OPEC and allied oil producers including Russia are discussing new ways of measuring global crude stockpiles.
Read More »UAE`s Firm to Take Stake in Subsidiary of Russia`s Gazprom
Middle East oil producers and Russia have forged closer ties since striking a deal to cut global crude output in a bid to remove a glut in supplies.
Read More »Rosneft Discovers New Oil Field in Iraq
This discovery as an important milestone in the development of exploration and production projects abroad.
Read More »China Imports More Oil and Gas from the U.S.
Gas is increasing in demand as the Chinese government moves to replace coal to combat air pollution.
Read More »Sinopec to Boost U.S. Crude Imports to All-Time High
China prefers a heavier quality of crude whereas the bulk of U.S. oil exports is light crude. the source said.
Read More »TANAP to Strengthen Positions of Azerbaijan. Turkey in Global Energy Market
The length of TANAP is 1.850 kilometers with an initial capacity of 16 billion cubic meters of gas.
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