Tag Archives: Oil Production

A sharp rise in oil prices also comes at a delicate time for the global economy.

The emergency stockpile is stored in huge underground salt caverns along the U.S. Gulf Coast.

Long-term oil demand is expected to rise to almost 112 mb d by 2040.

Saudi oil facilities as well as foreign tankers in and around the Persian Gulf have been the target of several attacks over the past year.

The abundance of low-cost natural gas has resulted in gas-fired generation overtaking coal-fired generation in the power sector.

Spot prices at the Henry Hub have averaged $2.62 so far in 2019.

OPEC’s own researchers forecast a demand slump ahead.

Oil demand growth will be ``significantly higher`` helped by a comparatively low base in the second half of 2018.

Russia highly appreciated the existing dialogue between Moscow and Riyadh and was committed to continuing to develop bilateral cooperation.

The OPEC+ joint ministerial monitoring committee. known as JMMC. meets on Thursday in Abu Dhabi on the sidelines of an energy conference.