Tag Archives: International News Agency

OPEC+ provides main support to the oil market.

Russia will cut production by 228.000 barrels per day.

The JMMC includes major oil producers Saudi Arabia and Russia and monitors the oil market and conformity levels with supply cuts.

The industry has been characterized by feast or famine. huge waves up or down.

Global liquefied Natural gas (LNG) supply would increase by 35 million to 40 million tonnes in 2019.

Global liquefied Natural gas (LNG) supply would increase by 35 million to 40 million tonnes in 2019.

OPEC members agreed to trim 800.000 barrels a day from October’s production levels for six months through June of this year.

Production from OPEC’s 14 members dropped by 221.000 bpd to 30.55 MMbpd in February.

The United States is advancing financing of two liquefied natural gas (LNG) terminals in northern Germany.

International Brent crude oil futures marked a 2019-peak of $67.80 per barrel in Asian morning hours.