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China has decided to invest &.25 million to help slow the decline underway in Venezuela.
Read More »Venezuela’s Oil Crisis
Oil Market Watching Geopolitical Tension. Inventory Report
According to IEA. Saudi Arabia will use its spare capacity which is predicted by as much as 2 million barrels per day.
Read More »IEA: The Gas Industry’s Bright Future over Next Five Years
LNG is progressively taking a larger share in global gas trade. especially in Asia.
Read More »ADNOC Mulls to Take Stake in Ratnagiri Refinery Project
UAE supplies a small quantity of oil to India.
Read More »OPEC Set to Achieve Stable Oil Market
The UAE minister said stock levels had dropped significantly since the beginning of 2017.
Read More »Venezuela Oil Production Dramatic Decline
IEA forecasts that Venezuela’s oil production could drop to Just 800.000 bpd or even lower next year.
Read More »Any Oil Production Cut should be by Consensus
OPEC'.s upcoming meeting must do everything possible to prepare the markets.
Read More »The Oil Price Is At a Crossroads
Capacity cuts implemented by Russia. OPEC and a number of non-OPEC countries have successfully brought excess supply under control and reduced inventory.
Read More »Azerbaijan Wants to Send Gas to Europe as Turkey Launches TANAP
Around 80% of the pipes used in the project were purchased from Turkish suppliers. while 20% were imported from China.
Read More »Nobody Wins in a Market with Oil Supply Deficits
The 5-year average is close to balance because of OPEC-led efforts to drain the surplus.
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