Tag Archives: International Organizations

Oil crashed to its lowest levels in over a decade in February 2016 from a high of $115 a barrel three years ago.

The history of U.S and her partners in energy policy shows oil has been applying as a political weapon in many cases.

The US earlier this year threatened to impose fines on EU firms that invested in the pipeline.

The IEA estimates that the wave of energy digitalization could lower the cost of production by 10 to 20 percent.

The U.S.-Asia route is at least twice as long as that from the Middle East to the main Asian trading hubs in China. Japan. South Korea. Taiwan and Singapore.

Supplying QCLNG will help make the development more profitable. Shell said.

Rising U.S. production helped fuel a slump in prices.

The group is ``extremely assured. optimistic`` for oil in the short and medium term. with investments flowing back sooner than later.

Moscow agreed to contribute around 0.3 million bpd to the cuts and Russian state and private companies are sharing the burden on a pro-rata basis.

Last week. news emerged about preliminary plans to build a $20 billion complex to convert crude oil to chemicals.