Tag Archives: International

Analysts believe the shift toward electric cars will decrease oil demand.

The IMF’s outlook revision comes as Saudi Arabia and Russia discuss their exit strategy for the oil production cut.

There’s an acceptance that the OPEC-led deal should extend beyond 2018. Falih said.

With crude inventories down. Goldberg expects Brent to climb about 15% from current levels of $68.50 bbl to about $80 bbl.

Libya. along with Nigeria. is formally excluded from an effort by the OPEC to balance an oversupplied market with coordinated production cuts.

The project envisions the development of the Estacion Fernandez Oro field together with Argentina’s largest oil and gas company YPF.

The EIA expects the cost of natural gas for electricity generation to remain ``relatively competitive`` with coal over the next two years.

China’s total exports of refined fuel touched an all-time monthly high of 6.17 million tonnes in December.

Turkmenistan has asked to receive what it said to be a 1.8-billion-dollar debt from Iran. a claim that is not accepted by the Iranian side.

According to the report. the refiner shipped in about 21 percent less oil from Iran at about 134.000 bpd in 2017.