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Construction on the platform started in May 2012 in the South China Sea.
Read More »Beijing Announces First South China Sea Deepwater LNG Site
Oil may Reach $40 if Russia. OPEC Up Oil Output
Oil supplies from OPEC slid to their lowest level in four years in March.
Read More »European Refiners Switches to Russian Sour Grades
U.S. sanctions have removed 800.000 bpd of heavy crude from the global market.
Read More »India`s Iran Oil Imports up 5% YoY despite US Sanctions
India'.s waiver allowed the country to continue to buy about 300.000 bpd Iranian oil until early May.
Read More »U.S. Imposes Fresh Sanctions on 4 Venezuelan Companies. 9 Vessels
The U.S. has been pursuing a policy of economic sanctions and diplomatic isolation against the Venezuelan government in support of the opposition leader Juan Guaido.
Read More »OPEC Could Raise Oil Output If Prices Increase
In 2018 OPEC+ decided to increase output at its mid-year meeting. only to return to production cuts in 2019.
Read More »Nord Stream Further Delays in Russia-Ukraine Gas Talks
Russia wants to ".hurt Ukraine.". and have ".a special relationship". with Germany.
Read More »Saudi Aramco Tends to Boost Its Refining Network by 2030
Aramco fully owns three refineries in Saudi Arabia and the Motiva Enterprises LLC plant in the U.S.
Read More »Poland Accuses Russia of Inflating Gas Prices
Poland is one of the largest buyers of Russian gas in Eastern and Central Europe.
Read More »Libya will Lose Oil Production if Fighting Continues
The EU issued an official statement urging the sides in the conflict to stop the violence.
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