Tag Archives: Market

China expects that gas demand will rise to between 320 and 360 billion cubic meters per year by 2020.

There are plans to increase Africa’s power generation to 30 GW by 2030.

France'.s Total signed a $4.8-billion contract in July to develop the South Pars Gas Field.

Exports to Europe are set to drop 39 percent to 510.000 bpd in October from a month earlier. Exports to the Middle East will hold at 111.000 bpd.

Novatek plans to work on another LNG plant once its Yamal capacities are launched.

Technical negotiations with Lukoil on Mansouri and Abteymour oilfields had already been finalized.

Saudi Arabia is on course with a Saudization policy that aims to reduce its reliance on immigrant labor in the public and private sector.

A more significant development was Russia agreeing to some yuan-based oil trade in 2015. also the result of U.S. sanctions.

Rising U.S. crude production remains an issue for OPEC as it strives to clear a global overhang.

The cartel and its allies. which together control more than half the world’s oil output.