OPEC last sought to drive out shale producers by flooding the market with oil in 2014.
Read More »Sechin: We`re Fine with any Oil Price
It would be silly to make any price forecasts at the moment.
Read More »China Pledges Huge Natural Gas Supply Boost
Other Chinese oil companies are also gearing up for the winter season.
Read More »Oil Price at Any Level Comfortable for Rosneft
Rosneft will work on increasing its market share if oil prices drop.
Read More »Global Oil Supply Growing. Sending Prices Lower
lower prices are clearly a benefit to consumers.
Read More »Gazprom Boosts Gas Supplies to Germany
Offshore pipe laying is currently underway in German territorial waters and in the exclusive economic zone of Finland.
Read More »Trump Warns Oil Cartel OPEC to not Cut Production
Iran is the third-largest producer of the oil cartel OPEC. providing more than 2 percent of global oil output.
Read More »Asia Expects a Milder Winter
Spot LNG prices in North Asia have slumped for seven weeks in the longest losing streak since January 2016.
Read More »Gas will Overtake Coal as World`s Second Largest Energy Source by 2030
Natural gas is the fastest growing fossil fuel in the New Policies Scenario.
Read More »UAE will Adhere to Any OPEC Decision
The capital plans to boost oil output capacity to 4 million bpd by 2020 and 5 million bpd by 2030.
Read More »