The U.S.. even without a 25 percent tariff on its LNG exports to China. would struggle to vie with Qatar as the top global LNG producer.
Read More »Oil Prices Gain on Fall in U.S. Crude Inventories
The market is expecting the EIA to report a 900.000-barrel drop in crude stockpiles for the week ended May 24.
Read More »Russia will Consider Extending Oil Output Cut with OPEC
OPEC. Russia and other producers agreed to cut output by 1.2 million barrels per day (bbl d) from January for six months to boost oil prices by reducing global inventories.
Read More »Falling Europe’s Share in Global Natural Gas Output
Europe is the only region with the decreasing outlook for natural gas production among all regions.
Read More »Turkey Central Bank Raises Foreign-Currency Reserve Requirements
International currency exchange rates stand on display outside a bureau in the Grand Bazaar in Istanbul.
Read More »Falling Russian Crude Output Lifts Brent Oil Prices
Russian oil production continues to trend lower in May as exports via the Druzhba oil pipeline have been restricted due to a contamination issue.
Read More »Norwegian Oil Patch Ramps Up Spending To Counter Decline
Norway’s oil and gas companies plan to spend 17 percent more this year. at about US$21.11 billion as they step up their exploration.
Read More »Why EVs Can’t Do Without Oil
The debate on the carbon footprint of electric vehicles is a heated one with the most vocal opinions coming from extreme camps.
Read More »The Second Machine Age Could Crash Oil Prices
Forecasters at these major oil organizations simply do not understand that we are in a new age of rapid technological advancement and innovation.
Read More »The Single Biggest Challenge For The Oil & Gas Industry
New oil and gas discovered through high-impact drilling fell by as much as 50 percent between 2014 and 2018.
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