For 2020. Barclays said it expects Brent to average $75 per barrel. up from its previous forecast of just $55 a barrel.
Read More »China`s Slowing Oil Demand is a Concern for the Middle East
Oil prices have stabilized over the last two years largely thanks to a deal between OPEC and non-OPEC oil producers.
Read More »Saudi Arabia to Implement Oil Pipeline through Yemen to Arabian Sea
The oil pipeline is not the only project that highlights Saudi Arabia’s aspirations in Yemen.
Read More »Nord Stream 2 Pipeline Progress despite Sanction Risk
Uniper will remain one of the financing partners of this project.
Read More »Oil to See Monthly Gain due to Escalating Supply Risks
U.S. prices have been supported by a drop in crude inventories.
Read More »Iran Urges to Speed Up Iran-Armenia Electricity Transfer Line
The parliaments of Iran and Armenia can contribute to cementing bilateral ties in customs. investment. energy. transportation and commerce.
Read More »Germany Opposes Discussions Preventing Nord Stream 2
The Nord Stream 2 is facing fierce opposition from the United States.
Read More »Yamal LNG Commissioning Third Train
Novatek said August 9 that the second LNG train commissioned six months ahead of its original schedule.
Read More »Basra Governor Wants Oil Firms to Build Water Plants
Every major oil company that is working in the province has to set up a desalination and sterilisation treatment plant if it wishes to continue working.
Read More »Russia`s Sakhalin LNG Outage Lifts Asian Spot Prices
Sakhalin Energy is a joint venture between Gazprom (50%). Shell (27.5%) and Japanese trading houses Mitsui (12.5%) and Mitsubishi (10%).
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