In 2017. U.S. shipments. which benefited from OPEC-led supply cuts. averaged about 153.000 bpd.
Read More »Saudi Oil Minister: Oil Market is Rebalancing
Many agencies have documented the decline in inventories.
Read More »Turkey to Hold New Tenders for Wind. Solar Plants by Summer 2018
In terms of renewable energy. 2017 was a key year for Turkey.
Read More »China Surpasses United States as Biggest Nuclear-Energy Nation
China will be the main driver for reshaping the energy market in the upcoming years.
Read More »Iraq Denies Remove from Oil-Rich Kirkuk
Federal police forces had pulled out from the province amid reports about an imminent attack by the Daesh terrorist group.
Read More »Germany Plans to Allow Russia Laying Gas Pipeline Bypassing Ukraine
The pipeline bypassing Ukraine will run along the bottom of the Baltic Sea.
Read More »NOC Declares Force Majeure on 70.000 bpd El Feel Oilfield
The field is operated by a joint venture between state-owned NOC and Italy’s Eni.
Read More »Falih Hopes OPEC. Allies will Ease Output Cuts in 2019
OPEC and non-OPEC members were committed to bringing stability and to balancing the market.
Read More »China Initiates Survey for Gas Hydrates in South China Sea
Along with China. Japan. the U.S. and India also have research underway on the fuel.
Read More »Oil Industry Needs to Invest $10 Trillion
There’s speculation OPEC is willing to make official Russia’s involvement with the group.
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