Saudi state giant to focus on US refining offshoot Motiva in five-year Americas growth plan.
Read More »Oil Is Struggling to Recover from Its OPEC Disappointment
Prices edged higher by 0.35% to $48.88 in early trading on Friday.
Read More »Abu Dhabi Closes $872 Million Financing for World`s Largest Solar Plant
The project is ADWEA'.S first foray into renewable energy.
Read More »India Aims to Expand Renewable Energy Capacities to Record Levels
The Solar Mini Grids project has an objective of taking advantage of the available solutions to promote universal energy access by 2025.
Read More »OPEC Welcomes Its New Member
Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC).
Read More »South Africa Wants Sinopec to Retain Refinery Capacity
Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp'.s South African assets and its subsidiary in Botswana .
Read More »Naftogaz will Reduce Gas Imports by 15-20% in June
Ukraine saw a 32.7% decrease in gas imports in 2016 from 2015. to 11.078 bcm.
Read More »Extension of OPEC Oil Deal Not to Down Iran’s Oil Output
OPEC members would decide during the meeting on May 25 to extend the 1.2 mb/d oil cut for six or nine months.
Read More »OPEC Extends Oil Output Cut by Nine Months
OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018.
Read More »Turkmenistan Might Join OPEC Oil Output Cuts
The SPR sales would not start until October 2018 and would amount to just 95.000 bpd. or 1 percent of current U.S. output.
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