Tag Archives: Oil Price

Lukoil shares rose by 5 percent to 3.880 roubles. giving the company a market capitalization of $55 billion

Shell has been working hard in the past few years to reduce shale production costs.

New projects in Brazil and Canada could add as much as rising U.S. exports.

Domestic production meets some 30 per cent of the demand for oil and around 70 per cent for gas in the country.

Iran'.s heavy crude oil price also experienced a $1.02 increase in the said week to settle at $60.49 per barrel.

OPEC doesn’t expect significant drawdowns in oil inventories in the first quarter of 2018.

BP completed seven major projects this year. in Egypt. Trinidad and Tobago. Oman. Australia and in the North Sea.

Projections of LNG demand reveal growth of over 3%-5% per year until 2030.

The Declaration of Corporation’ by Opec and non-Opec participating countries gave hope and stability to the market at a very critical time.

Oil crashed to its lowest levels in over a decade in February 2016 from a high of $115 a barrel three years ago.