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Acute shortage of natural gas. furnace oil led to closure of several power plants. officials say.
Read More »Massive Power Crisis Looms over Pakistan
Why Qatar Boycott could be a Boon for Asian Countries?
Qatar has had to compensate for its loss of port facilities. primarily in the UAE by diverting to Salalah in Oman and Singapore.
Read More »Wild Swings in Iraq Oil Production Give OPEC another Problem
Fighting over Kirkuk and other regional tensions contributed to the increase in prices.
Read More »Abu Dhabi’s Adipec Draws Record Crowds as Oil Market Sentiment Improves
At least US$10bn of deals signed at flagship industry event. including Adnoc partnership with China’s state oil company.
Read More »Citgo is Key Link between US and Venezuela
In 2015. PDVSA sought to sell Citgo but was unable to find a buyer.
Read More »UAE Joins Gathering Consensus to Extend Oil Output Cuts
Output cuts by OPEC and other producers such as Russia and Oman have started to pay off.
Read More »Mitsui to Build Large LNG-Fired Power Plant in Bangladesh
It is expected to become the biggest power station in Bangladesh behind the 2.4GW Rooppur Nuclear Power Plant which is being built in Pabna District by a Russian firm.
Read More »OPEC Head Says Oil Cuts `Only Viable Option` to Stabilize Market
Output cuts by OPEC and other producers such as Russia and Oman have started to pay off.
Read More »Venezuelan Oil Output Heads to 29-Year Low
PDVSA made an overdue $1.1 billion bond principal payment this week.
Read More »UK Hands World`s Largest Oil Company Saudi Aramco $2bn Loan to Secure IPO
The Saudis are considering a listing on the London Stock Exchange but ministers in Japan. China and the US are also pushing for their own exchanges to be considered.
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