In its International Energy Outlook 2019 (IEO2019). the U.S. Energy Information Administration projects that world energy consumption will grow by nearly 50% between 2018 and 2050.
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CNOOC is building a semi-submersible production platform for the project.
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Saudi'.s oil production from Khurais is now at more than 1.3 million bpd.
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Oil accounted for 72 percent of Russia'.s gross domestic product last year.
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Aramco already brought back part of the lost production and will return to pre-attacks level end of September.
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Energy Minister Prince Abdulaziz bin Salman announced production would be back online to normal levels by the end of the month.
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Aramco had put out 10 fires in the span of seven hours after the ".huge". assault.
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Brazil’s oil production is set to grow in the near term.
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The attack on the kingdom’s most important oil production facility has crimped the availability of lighter grades such as Arab Extra Light and Arab Light.
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Abqaiq. in the kingdom’s eastern province. is the world’s largest oil processing facility.
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