Tag Archives: International

Oil production had declined by 150 thousand barrels per day.

China has seen an explosive growth of natural gas consumption over the years.

Crude reserves increased 6.4 billion barrels. or 19.5 percent. to 39.2 billion barrels at year-end 2017.

Libya’s oil exports to China in 2017 totaled $1.7 billion.

The Iranian Minister of Energy has in Russia reviewed obstacles on the way of expanding economic cooperation between Iran and Russia.

The biggest boost to Saudi exports to China comes from contracts inked with new refineries starting up this year and next.

Russia is the key non-OPEC partner in the production cut deal with OPEC.

On Tuesday. the American Petroleum Institute (API) reported an estimated inventory increase of 3.453 million barrels.

50 cooperation documents have been signed between Iran and Russia in recent years.

Iraq sits on 153 billion barrels of proven crude reserves. but it needs higher quality fuel and gas for power turbines.