India. the world'.s third biggest oil consumer. imports 86 percent of its oil needs from OPEC nations.
Read More »Kazakh Energy Minister to Attend OPEC Meeting
Kazakhstan supports extending the cut but will need to renegotiate its own production ceiling.
Read More »Thailand`s Largest Oil and Gas Firm Plans New Asia Investment
PTTOR will include service stations. petroleum products. and lubricant products.
Read More »TANAP Boost Turkey`s Energy Role in Region
TANAP project envisages transportation of gas from Azerbaijan’s Shah Deniz field to the western borders of Turkey.
Read More »Russia`s EU Partners Discuss for Turkish Stream’s Second Line
The planned second line of the Turkish Stream is intended for the supply of gas to European states.
Read More »Trump`s Proposal to Sell Half of US Reserves Threatens Another Oil Glut
Trump’s first complete budget proposal. released in part on Monday. would raise $500 million in fiscal year 2018.
Read More »OPEC Oil Price Continues to Rise
The price of OPEC’s basket of 13 crudes stood at $51.50 per barrel on May 22.
Read More »Kuwait: OPEC to Discuss Extending Output Cuts for 6 or 9 Months
Kuwait is part of a joint OPEC/non-OPEC ministerial monitoring committee.
Read More »Samsung Heavy Capture $100m Order for 2 LNG Ships
The ships will be deployed to transport liquefied natural gas between local ports.
Read More »China`s Oil Giants Commit to Investment Boost
Sinopec said it'.s moving forward with 110 billion yuan in new spending this year.
Read More »