World oil demand will rise by 1.14 million barrels per day (bpd) this year.
Read More »EU. Russia. Ukraine to Discuss Next Gas Transit Plan in September
European customers will receive their gas in line with their contractual terms in 2020.
Read More »U.S. Blames Iran for Oil Tanker Attacks as Gulf Tensions Climb
The Trump administration blamed Iran for attacks on two oil tankers near the entrance to the Persian Gulf. escalating tensions between the two rivals despite denials from officials in Tehran that they were behind the incidents.
Read More »Explosions Hit Two Large Oil Tankers in Sea of Oman
The area is near the Strait of Hormuz. a strategic waterway through which nearly one-third of all oil traded by sea passes.
Read More »There is Difficulties on Iran-Pakistan Pipeline over US Sanctions
The pipeline. which is currently under construction. is expected to deliver gas from Iran to Pakistan.
Read More »Iran Calls Oil Tanker Incidents `Suspicious`. Wants Regional Talks
Iran’s proposed Regional Dialogue Forum is imperative.
Read More »Trade Disputes. Geopolitics. Rising Non-OPEC Supply Make for Challenging 2H19
OPEC pumped 29.88 million b d in April. according to an average of the secondary sources used to monitor output.
Read More »OPEC Cuts 2019 Oil Demand Growth Forecast
World oil demand will rise by 1.14 million barrels per day this year. 70.000 bpd less than previously expected.
Read More »Trump says he’s considering sanctions to block Nord Stream 2
President Donald Trump said he’s considering using U.S. sanctions to stop construction of the Nord Stream 2 gas pipeline between Russia and Germany.
Read More »Shell Ships First LNG Cargo from Prelude FLNG. Offshore Australia
Shell announced that the first shipment of liquefied natural gas has sailed from the company’s Prelude floating liquefied natural gas (FLNG) facility.
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