Tag Archives: Market

OPEC+ provides main support to the oil market.

Russia will cut production by 228.000 barrels per day.

The JMMC includes major oil producers Saudi Arabia and Russia and monitors the oil market and conformity levels with supply cuts.

Venezuela´s oil output has long been on a downward spiral thanks to years of underinvestment and mismanagement.

The industry has been characterized by feast or famine. huge waves up or down.

Rystad Energy forecasts that some operators in Venezuela will run out of naphtha by this month.

Global liquefied Natural gas (LNG) supply would increase by 35 million to 40 million tonnes in 2019.

Global liquefied Natural gas (LNG) supply would increase by 35 million to 40 million tonnes in 2019.

Egypt became a major consumer of the fuel in 2015.

BP was in fact an early mover into renewables.