The U.S. Energy Information Administration estimates that domestic crude oil production will reach record levels in 2018 and 2019.
Read More »OPEC Non-OPEC Coalition Schedules Extra Meeting Ahead of Sep 23 Algiers Meeting
OPEC and its partners agreed in late June to raise output by 1 million b d.
Read More »TurkStream Construction Sets New World Record
The project is expected to start operating by the end of 2019.
Read More »Oil Markets Lower amid Mixed Price Signals
OPEC and its allies agreed in late 2016 to cut output from 2017 by around 1.8 million barrels per day (bpd) versus October 2016 levels.
Read More »US Wants to Make EU Finance Infrastructure for American LNG
Washington openly opposes the construction of the Nord Stream-2 pipeline and is trying to block this project.
Read More »Gazprom Neft and S7 Airlines become the 1st Companies in Russia to Move to Blockchain Technology in Aviation Refueling
Thanks to blockchain technologies. data on refuelling operations is guaranteed to be securely stored in the AFSC system.
Read More »Summer Demand Drive Europe’s Natural Gas Prices to Highest Level
The past winter season in Europe was one of the coldest this decade. sending gas demand soaring.
Read More »Syria’s Second-Largest Oil Field Is Operational Again
The U.S-led coalition fighting Islamic State killed the leader of the militants responsible for its oil and gas smuggling operations.
Read More »Russian President Support for LNG as Fuel in Arctic
Vladimir Putin has spoken out in support of a proposal by Finnish President Sauli Niinistö to use LNG as bunker fuel in the Arctic.
Read More »Oil Stable as U.S.-China Trade Dispute Weighs
OPEC-member Iran has exported around 2.5 million barrels per day of crude oil so far this year.
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