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A drilling boom in the United States has allowed the government to store more oil than it needs to meet international spare supply agreements.
Read More »Senators Urge Trump to Avoid Blockade of Venezuela Oil Shipments
OPEC Predicts Higher Demand for Oil in 2018
Saudi Arabia told OPEC it cut output to 10.01 million bpd last month. from 10.07 million bpd in June. meaning its production fell back below its OPEC target of 10.058 million bpd.
Read More »Eni. Anadarko Cooperate in Mozambique LNG Projects
This is a key milestone on the path to a final investment decision for our initial two-train LNG project.
Read More »US Sanctions Impact Gazprom’s Position in Ukraine Gas Transit Talks
US President Donald Trump in early August signed a law that envisions the expansion of a number of sectoral sanctions against the Russian economy.
Read More »Spanish Firm Given Permission for Massive Wind Farm in BRITISH Waters
East Anglia Three will be located 69 kilometres off the coast of Norfolk and it will supply energy to around one million homes.
Read More »Russian Oil Conglomerates Help Venezuelan President Maduro to Stay in Power
The Russian loan was formalized as a prepayment for the purchase of Venezuelan oil.
Read More »Rosneft Lent Venezuela`s State Oil Firm a Total of $6 Billion
Rosneft also plans to close the deal to buy a stake in India'.s refiner Essar Oil in the coming days.
Read More »Reappointment of OPEC Veteran Zanganeh as Oil Minister Echoed in the World Media
Iran was OPEC’s second-biggest supplier at the time of Zanganeh’s dismissal.
Read More »German Economy Is at Risk Due to New US Sanctions Against Russia
As the media notes. the new sanctions were not coordinated with the European countries.
Read More »Oil and Gas Added $1.3 Trillion to The U.S. Economy in 2015
Oklahoma. Wyoming. North Dakota. and Texas held the highest proportion of jobs directly related to the oil and gas supply chain.
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