Tag Archives: Market

The United States holds a reserve of about 660 million barrels.

Sinopec and China National Petroleum Corp (CNPC) among other oil and chemical majors have participated in the trading.

The meeting will allow OPEC members to discuss ways to maintain oil market stability.

OPEC is a 14-country oil cartel. which includes Nigeria.

Novak said higher crude prices this year would add 2.5 trillion roubles ($40.14 billion) to state coffers this year.

The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973 energy crisis.

The supermajor said the deal makes it the number two player in the world for LNG.

U.S. tariffs on foreign steel are testing oil and gas companies’ ability to navigate the Trump administration.

A sharp growth in fuel prices that have risen by over 8% year-to-date. has forced the authorities to take emergency measures.

ICV is an ambitious plan embarked by the Government to boost the oil and gas industry’s contribution in the Sultanate’s socio-economic development.