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Volume of the greenhouse gas locked away underground will be equivalent to more than 1m vehicles each day.
Read More »ADNOC to Expand Use of Carbon Capture Technology
OPEC Corrects Non-OPEC Production Estimates For 2018
Oil prices this month have not been so high in three years.
Read More »Aramco is Ready for IPO as Listing Venues up in Air
The kingdom will decide where the stock will be traded. not the company.
Read More »Sunken Iranian Tanker may be Leaking Bunker Fuel
The Sanchi was carrying 136.000 tonnes of condensate before the accident. most of which evaporated after the stricken shipped burned for days.
Read More »BP to Ramp up Production from Kirkuk Oil Fields
The Kirkuk’s fields including Bai Hassan and Avana currently pump 140.000 to 150.000 barrels a day.
Read More »IEA: OPEC Compliance Level Stands at 129%
IEA analysts pointed out that the oil market is clearly tightening.
Read More »China will Investigate Sanchi Sinking
China will invite others to jointly conduct an investigation and analyze data from the data recorder.
Read More »US Overtake Saudi Arabia and Russia as Top Oil Producer in 2018
US oil production is set to grow faster than previously expected amid a ".volatile". year in 2018.
Read More »IEA Displays Reasons for Slowdown in 2018 Oil Demand Growth
IEA analysts believe that steady OPEC production must be treated with caution.
Read More »Goldman Sachs: Crude Prices ‘Likely to Exceed’ Expectation
The market is currently experiencing Brent crude prices at around $70 a barrel. a price not seen since 2014.
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