The global oversupply and competition from US Shale are persistently challenging the oil cartel'.s plans.
Read More »Halliburton Introduces New Drill Bit for High Energy Applications
Recent years have seen advances in drilling equipment and practices that have enabled operators to significantly increase energy and drilling speed to reduce costs.
Read More »Saudi to Increase Oil Prices by 80%
Further delays to cuts in government subsidies will not come as a surprise as security officials in the country deal with low level unrest.
Read More »Algeria`s Sonatrach Chief Urges Oil Industry Reforms
Algeria expects its gas exports to reach 57 billion cubic metres (bcm) this year. up from 54 bcm in 2016.
Read More »Sub-$50 Oil Could Kill Shale
There are a few reasons to be skeptical that the momentum will carry crude prices higher than current levels.
Read More »Amano to Stay Until 2021
Amano became director-general on 1 December 2009 and he therefore saw the agency through the 2011 Fukushima accident in his home country of Japan.
Read More »Iran. Iraq to Synchronize Power Grids Within Months
Iran is ready to take a serious part in reconstruction of the Iraqi electricity grid once terrorists have been eliminated from the area.
Read More »Russia Becomes World Top Oil Producer for 7th Consecutive Month
The last time Moscow surpassed Riyadh in crude production was in December 2016 when Russia extracted 10.49 million against 10.465 by Saudi Arabia.
Read More »China`s Oil Demand Is Growing at More Than Double Last Year`s Pace
China may indeed join the ranks of countries banning fossil fuel vehicles.
Read More »No Problem in China’s Payment for Iran Petrochemicals
Iran exports almost half of its annual petrochemical output to China.
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