Tag Archives: International News Agency

The meeting is about the possibility of further oil output regulation.

The IEA cut its estimate for global oil-demand growth for both 2018 and 2019.

The mini plant will have a production capacity of 30 tons of LNG per day.

Saudi Arabia has the capacity to produce 12 million bpd and is currently producing 10.7 million bpd.

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.

Spot Asian LNG spiked last month in anticipation of winter demand after a hot summer depleted stockpiles.

India has expressed ``discomfort`` with the high oil prices.

In the same period last year. rig count stood at 743 rigs. which shows the continuous rise in American crude production.

The world’s fifth-largest crude buyer imported 10.8 million tonnes of crude last month.

India wants to keep importing oil from Iran. because Tehran offers some discounts and incentives for Indian buyers.