Tag Archives: Market

Libya’s largest oil field was halted after members of the Petroleum Facilities Guard shut down pumps leading to tanks.

To remove just 400 tons of carbon dioxide from the atmosphere would require one million tons of air to be processed.

Shale gas production is growing so quickly that the industry essentially needs more uses for their product.

The deal was announced after Novak held bilateral meetings with several counterparts.

OPEC and its allies agreed to reduce oil production by 1.2 million barrels per day (bpd) for the first six months of 2019.

Gas production operations at the field are to continue at the facility for more than 100 years – until 2128.

Oil prices jumped just over four percent as news of the deal broke.

Last month. Iraq’s oil exports dropped to their lowest level in seven months due to bad weather at its southern ports.

The fiscal deficit continues to narrow in Saudi Arabia.

Iran will not take part in any cuts while there are U.S. sanctions on its oil.