Tag Archives: Bloomberg News Agency

The project was financed by 25 banks from Asia. Australia. Europe. and North America.

Russia said it supports a suggestion from Saudi Arabia that OPEC and its allies extend their oil output cuts into next year.

Malaysia relies on its only Fortune 500 company for nearly a third of its oil and gas-related revenue.

Saudi Energy Minister Khalid al-Falih said on Monday the OPEC-led production cut could be extended beyond 2017.

Central and eastern China accounted for about 89 percent of new capacity. the NEA said.

BP’s industry-leading digital rocks program was established 10 years ago.

Iraqi forces recaptured it in 2015 but it sustained heavy damage in the fighting.

Exploration and production firms are still adding drilling rigs at an average of almost 10 per week.

The Persian Gulf nation of Kuwait is the fifth-largest producer in the Organization of Petroleum Exporting Countries.

The oil market needs more time to start using up stored inventories. which are on the verge of declining.