Much of Brazil’s oil from offshore basins are buried under a thick layer of salt on the sea floor.
Read More »American Oil Drillers` Output could Top Saudi Arabia and Russia by 2019
EIA sees America'.s output at 10.3 million barrels a day this year. the highest annual average on record.
Read More »Saudi to Ease Foreign Investment Regulation
Saudi Arabia opened its market to direct investment by foreign institutional investors in mid-2015.
Read More »Iran. Turkmenistan gas dispute Continues
Turkistan claims Iran owes it $1.5 to 1.8 billion from sales between 2007 and 2008.
Read More »OPEC won`t React to Small. Short-Lived Oil Supply Disruptions
Saudi Arabia. OPEC’s de-facto leader. wants to see oil prices above $60 a barrel.
Read More »Iraq Wants Kurdish Firm Kar Group to Halt Operation of Kirkuk Oilfields
Kirkuk crude sales have been halted since Iraqi forces took back control of the fields in October.
Read More »Iran`s Striken Sanchi Oil Tanker `Unlikely to Sink
Shana said. however. that the oil tanker is still burning and is considered to be ".at risk of exploding.".
Read More »Iranian Oil Tanker at Risk of Exploding and Sinking
The Shanghai Maritime Safety Administration said areas surrounding the Sanchi tanker were still burning.
Read More »Gas Export to Georgia via Armenia still on Agenda
Gas exports to Georgia require fulfillment of different conditions. including the consent of Armenia.
Read More »China Oil Spill Increase Environmental Disaster Fears
The extent of the spill and environmental hazard were still unclear.
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