Since last year. oil producing countries have cut back production in an attempt to offset dipping prices.
Read More »The Globalization of European Gas
IHS Markit expects European gas prices to be increasingly set by the global market.
Read More »China to Build Floating Nuclear Power Plant by 2020
The idea was revived in the late 2010s with the rise of demand for power for offshore oil and gas drilling and the creation of safer reactor technologies.
Read More »Bulgaria Missed Its Chance to have a Gas Pipeline from Russia
The South Stream project was cancelled by Bulgaria following pressure from the European Union and the United States.
Read More »Washington Threatens Sanctions for Nord Stream 2
Europe has been very active in showing its support for gas transit revenue dependent Ukraine.
Read More »Maduro Wins Second Term amid Boycott
Increasing authoritarian rule and mismanagement of the all-important state-run oil industry have caused a deepening economic crisis.
Read More »Yuan Oil Contracts to Strengthen China`s Currency Status
The share of yuan-backed crude oil contracts has soared to 12 percent of global trading since the US withdrawal from the Iran nuclear deal.
Read More »Total will Quit Iran Gas Project if no Sanctions Waiver
Total holds a 50.1 per cent stake in the South Pars project.
Read More »Iran Asks Chinese Oil Buyers to Maintain Imports after US Sanctions
China. the world'.s top crude oil buyer. imported around 655.000 barrels a day on average from Iran in the first quarter of this year.
Read More »Europe to Get Rid of US Dollar in Payments for Iranian Oil
Mogherini stressed that the sides should jointly work on the lifting of sanctions as an integral part of the historic nuclear deal.
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