Libya hopes to obtain an exemption from possible reductions in oil production.
Read More »Venezuela Ready to Share Economic Data with IMF
Venezuela’s crude production could soon sink to below 1 million bpd.
Read More »20th Ministerial Meeting of the Gas Exporting Countries Forum
The Ministerial Meeting welcomed the Republic of Angola as an Observer Member of the Gas Exporting Countries Forum.
Read More »IEA Welcomes Return of Oil Surplus after OPEC Output Surge
The IEA reduced its forecast for growth in emerging-market demand next year.
Read More »Oil Rises amid Expectations of OPEC Supply Cut
While OPEC considers withholding supply. U.S. crude oil production reached another record last week.
Read More »US Shale Surge Boosts Industry Finances. Puts Deals in Spotlight
OPEC last sought to drive out shale producers by flooding the market with oil in 2014.
Read More »European Companies have Outspent U.S. Rivals on Clean Energy Investments
ExxonMobil was heavily criticized over its slower move to embrace the concerns of climate change.
Read More »China Pledges Huge Natural Gas Supply Boost
Other Chinese oil companies are also gearing up for the winter season.
Read More »Gazprom Neft Cooperate in Abu Dhabi`s Oil and Gas Projects
Gazprom Neft could partner with Mubadala. Adnoc and other companies in the development of oil and gas reserves.
Read More »Global Oil Supply Growing. Sending Prices Lower
lower prices are clearly a benefit to consumers.
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