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The lion'.s share of petrochemical exports is bound for India. China and South Korea.

OPEC’s de facto leader. Saudi Arabia. needed to hit the $60 benchmark in order to feel safe in authorizing its state-run firm. Saudi Aramco’s. initial public offering.

The potential Sinopec investment in U.S. energy assets and creation of jobs in hurricane-hit areas will not be President Trump’s only mission on his Chinese visit.

The North Oil Company (NOC) has stopped feeding crude oil into the export pipeline.

In fact. the threat to OPEC from U.S. shale oil just got more serious as it became clear that the cartel and its partners are planning to extend their own agreement until the end of 2018.

In the last three years. more than 440.000 jobs were wiped out in the industry.

Chevron last week reported a net profit of US$ 1.95 billion. up by an impressive 52 percent on the year.

The Energy Ministry has currently managed to guarantee sustainable electricity supply to domestic consumers.

China expects that gas demand will rise to between 320 and 360 billion cubic meters per year by 2020.

France'.s Total signed a $4.8-billion contract in July to develop the South Pars Gas Field.