Crude has retreated more than 5 percent after reaching a four-year high earlier this month.
Read More »Saudi Oil Output Rise will Meet India`s Demand
Saudi Arabia has the capacity to produce 12 million bpd and is currently producing 10.7 million bpd.
Read More »Gazprom will Resume Gas Imports from Turkmenistan
A large part of the revenues from Turkmenistan'.s sales to China are believed to be used to pay off debt on the pipeline link.
Read More »China. Top Natural Gas Importer in 2018
Concern for the environment is a major reason for China'.s increasing imports of gas.
Read More »Asian Spot LNG Prices Fall as November Cargoes Offloaded
Spot Asian LNG spiked last month in anticipation of winter demand after a hot summer depleted stockpiles.
Read More »India Considers Payment System for Iranian Oil Imports
India wants to keep importing oil from Iran. because Tehran offers some discounts and incentives for Indian buyers.
Read More »U.S. Drillers Add 11 Rigs
The oil and gas rig count is now 135 up from this time last year.
Read More »Nord Stream 2 Shows Lacks of EU Solidarity
The pipeline would threaten the energy security of Central and Eastern Europe.
Read More »Gazprom. SOCAR Consider Gas Supply to Azerbaijan
Gazprom Export LLC and SOCAR signed a contract on gas supply to Azerbaijan on Nov. 21. 2017.
Read More »Iraqi Oil Company Considers Rising Output
The BOC-operated fields will add 700.000 bpd to overall production by 2024.
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