Tag Archives: Asia

West Texas Intermediate crude was last seen up about 1.8% at $63.15 for the April spot.

The risk for OPEC and its allies is that this sort of market share is hard to recover once the self-imposed production cuts are lifted.

France has a military base in Abu Dhabi and is a major seller of arms to the UAE.

Energy Outlook forecasts U.S. crude oil production to increase by 1.4 million b d in 2018 and the Brent-WTI spread to average $3.96 b.

In February. Greek Cyprus announced that ENI and partner Total had discovered a potentially sizable gas field off its southwestern coast.

OPEC’s headquarters in Vienna could not immediately be reached for comment.

The two countries initiated diplomatic relations in 1940 during World War II.

IEA in the Oil 2018 envisaged that excess global refining capacity would grow. but Asian refiners need more crude.

French Energy Company awarded a 20% stake in the Umm Shaif and Nasr concession. 5% interest in the Lower Zakum concession.

The US cannot become completely independent of foreign oil.