The IEA said 80 percent of the growth in demand expected between now and 2040 should come from emerging markets. China and India chief among them.
Read More »US Oil and Gas Production is Leaving Saudi Arabia and Russia Behind
The EIA estimates that the US pumped the equivalent of 30 million barrels of oil per day in 2017.
Read More »Venezuela One of the Biggest Risks in the Oil Market in the Coming Months
Venezuela'.s Nicolas Maduro won the presidential election for another six-year term.
Read More »Saudi Arabia. UAE. Russia to Discuss Oil Supplies Following US Withdrawal from JCPOA
St. Petersburg International Economic Forum will be held on May 24-26. 2018.
Read More »OPEC Compliance Reaches Record 172%
OPEC and several other non-OPEC producers have reached an agreement to extend the production deal for a further nine months.
Read More »Saudi Arabia. Other Producers to Ensure Market Stability amid Iran Sanctions
The US decision sent oil futures surging Wednesday as traders digested the likely consequences.
Read More »U.S. Oil Rises above $70 for First Time since November 2014
U.S. output will likely rise further this year. towards or past Russia'.s 11 million bpd. as its energy firms keep drilling for more.
Read More »Oil Hits $70 as Traders Wait for Iran Decision
Despite the price adjustment. sour is still higher on the year.
Read More »IEA: Demand for Oil in World to Increase by 2023
IEA expects an increase in shale oil production and exports to Europe and Asia in the long term.
Read More »US Oil Inventories Drop On Strong Demand
Gasoline stocks dropped by 3 million bbl. compared with analysts'. expectations in a Reuters poll for a 227.000-bbl drop.
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