Tag Archives: Oil Price

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.

Last week. news emerged about preliminary plans to build a $20 billion complex to convert crude oil to chemicals.

Russia is the producer everyone is watching ahead of the OPEC meeting.

The market had been looking forward to a supportive number due to the pipeline disruption from Canada.

Saudis want production cuts extended through 2018. while Moscow wants flexibility.

Oil markets are already showing jitters over the OPEC meeting this week.

Russia'.s oil minister told representatives of gas exporting nations that EU and U.S. sanctions against oil exporter'.s are ".unacceptable.".