West Texas Intermediate crude entered a bear market and Brent tumbled below $60 after U.S. petroleum inventories ballooned. raising fears of a glut as trade disputes threaten demand.
Read More »PetroChina Starts 10-mln-tonne Refining Expansion Project
The PetroChina subsidiary is the only refining company that directly provides aviation fuel for Beijing Daxing International Airport.
Read More »Total Oil Sands Production Will Be Nearly 1 MMbbl Higher by 2030
Canadian oil sands production is set to enter a period of slower annual production growth compared to previous years.
Read More »House Judiciary Launches Antitrust Investigation into Tech Giants
The House Judiciary Committee is launching a bipartisan investigation into whether large tech companies such as Facebook. Google and Amazon are using their vast market power to suppress competition.
Read More »Technology Center to Be Established for Developing Achimovsky-Strata Oil Deposits in Russia
Gazprom Neft and the Government of the Yamalo-Nenets Autonomous Okrug are to expand their cooperation in developing viable technologies for exploiting Achimovsky-strata oil deposits.
Read More »Russia`s 2019 Growth Outlook due to Lower Oil Output
Russia’s average daily oil output has dropped to a three year-low in June.
Read More »Growing Producer Consensus to Stabilize Market
The Kingdom is closely monitoring recent developments in the oil market.
Read More »SOCAR will Buy Iraqi Oil for Refinery in İzmir
SOCAR Turkey will supply 700.000 tons of jet fuel to Istanbul Airport on an annual basis.
Read More »McDermott Announces First Cargo from Cameron LNG Train 1
McDermott International. Inc. has announced that the first cargo of liquefied natural gas (LNG) has been shipped from the Cameron LNG project in Hackberry. La.
Read More »Qatar Fights for LNG Dominance
Qatar is taking steps to proactively develop its solar power generation.
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