Several countries. notably Russia and Saudi Arabia. saw the Algerian proposal as a good suggestion and found it interesting.
Read More »OPEC Extends Oil Output Cut by Nine Months
OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018.
Read More »Turkmenistan Might Join OPEC Oil Output Cuts
The SPR sales would not start until October 2018 and would amount to just 95.000 bpd. or 1 percent of current U.S. output.
Read More »Iran Could Be Important Contributor to European Gas Supply Diversification Efforts
Iran has 33.5 trillion cubic meters of proven gas reserves - the second largest in the world after Russia.
Read More »Kazakhstan and UAE to Prepare Joint Project for Polyethylene Production
In the result of the agreements between the heads of states and Governments the parties initiated negotiations on cooperation in the petrochemical field.
Read More »General Electric Signs 1 Billion Riyal Deal to Build Gas Turbines in Saudi Arabia
GE and Dussur signed a memorandum of understanding last year that is expected to result in nearly 3.75 billion riyals of investment.
Read More »GE Wins 1500 MW Wind Deal in Spain
GE Renewable Energy has been chosen to supply the turbines from its 3 MW product range to generate a total of 1500 MW.
Read More »First European-Built LNG Bunker and Distribution Vessel Named
Bunkering LNG ship-to-ship increases the accessibility of this marine fuel for our customers.
Read More »Min: Iran Supports OPEC Oil Cut Extension
OPEC members are preparing to hold meeting on May 25 to discuss the market and oil cut deal in Vienna.
Read More »Asian markets Pause after Oil Rally
Traders are now awaiting the release this week of minutes from the Federal Reserve'.s latest policy meeting.
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