Chinese oil product consumption between January and August rose by 5.8 percent compared to the same period last year.
Read More »Petchems will Drive more than a Third of Oil Demand Growth by 2030
Aramco. the world’s biggest oil producing company. is in talks to acquire a stake in Sabic. the region’s biggest petchems producer.
Read More »IEA Holds Workshop on Natural Gas Market Design in Brazil
The workshop is part of the IEA-Brazil gas market peer-review and dialogue process.
Read More »Saudi Arabia will not be Able to Fill Looming Oil Supply Gap
Saudi Arabia has been under pressure by the US to pump more barrels to prevent oil prices from overheating.
Read More »GECF Countries Need to Continue Investing Heavily in New Infrastructure
Gas pipeline infrastructure plays critical role in providing security of supply.
Read More »Saudi Crown Prince Predicts Russia & China’s Exit from Oil Market
The bold claim was made by the Saudi crown prince Mohammed bin Salman during a lengthy interview with Bloomberg. published Friday.
Read More »Saudi Crown Prince Promise Aramco IPO by early 2021
The planned listing of the world'.s biggest oil producer was to be the cornerstone of the kingdom'.s promised economic overhaul.
Read More »Goldman Sachs Warns Oil Market Surplus in Early 2019
Goldman’s analysts said production in Libya and Nigeria was higher than expected.
Read More »US-China Trade War Impact
The world’s second largest economy halted purchases of US crude in August for the first time since September 2016.
Read More »OPEC Compliance 110% in September
OPEC has been under fire by the US for not pumping more to bring down oil prices.
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