Tag Archives: International News Agency

Oil prices have plunged by around 30 per cent since their last peaks in early October.

Thanks to shale. US oil production surged to a record level of 11.6 million barrels per day earlier this month.

The meeting discussed the developments of the Arab Common Market for electricity.

Turkish Stream will have two lines. each able to carry up to 15.75 billion cubic meters.

Aramco signed five new crude oil supply agreements with five Chinese customers in Shanghai in early November.

The company has a deal to buy 180.000 barrels per day (bpd)Iranian oil this fiscal year.

Relations between the Iraqi government and the KRG had been strained since September 2017.

The oil market could tip into a shortage in the 2020s because ``nobody is allowed to fully invest in future oil production.

OPEC and 10 non-OPEC partners. led by Russia. will meet December 6-7 to decide on output policy.

Libya has northern Africa'.s largest proven reserves of oil - at 48 billion barrels.