The past winter season in Europe was one of the coldest this decade. sending gas demand soaring.
Read More »How U.S. Shale Could Stop A Global Oil Supply Crisis?
Short-cycle U.S. shale production is growing and will grow next year too.
Read More »China. Iran. Panama Sign Probe Report on Sunken Oil Tanker Sanchi
It was the world'.s first collision and explosion involving a vessel carrying condensate. an ultra-light crude oil.
Read More »BP Names Oil Industry Veteran Helge Lund as Chairman
Norwegian previously ran Statoil and BG Group.
Read More »Libya Oil Output Drops after Attack on Pipeline
The OPEC country'.s output has recovered in the last year to nearly 1 million b d.
Read More »Nightmare Scenario for OPEC
The IEA sees demand for OPEC oil actually declining in absolute terms over the next few years .
Read More »Iranian Tanker`s Oil Slick Is Now the Size of Paris
Sanchi had held a million barrels of light condensate oil. which is highly toxic and flammable.
Read More »China will Investigate Sanchi Sinking
China will invite others to jointly conduct an investigation and analyze data from the data recorder.
Read More »Iran Rejects Rumors about Missile Strike on Oil Tanker
The vessel sank on Sunday after a huge explosion while a team of Iranian commandos were getting prepared for a rescue operation.
Read More »Experts Say Sanchi Sinking could be Harmful for Marine Ecology
Some 13 vessels. including coast guard ships from South Korea. Japan and a Japanese firefighting ship fought the fire. searched for the missing and are involved the cleanup.
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