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

The Asian nation’s imports of Russian crude jumped 61% to a record 6.35 million metric tons in September from a year earlier.

Output is falling. cash is drying up and oil workers have fled the country because of food shortages and violence.

The field is divided into 24 standard phases of development in the first stage. Most of the phases are fully operational at the moment.

With OPEC-led supply cuts supporting prices. but rising U.S. production capping crude. many analysts see markets balanced in 2018 and 2019. with Brent in a $50-$60 range.

In recent years. there have been significant cost reductions in both the onshore and bottom fixed offshore wind sectors.

Conventional ball valves tend to become larger in size and weight as oil and gas companies explore harsher environments.

Many of the fastest growing markets in the Asian-Pacific region lack terminals and other infrastructure needed to increase their LNG imports.

Shell believes it can almost double the earnings from its chemicals business within the next two years.

Schlumberger has announced the release of its GROVE IST integrated seat technology ball valve.