Total also planning to expand its Nigerian LNG project this year.
Read More »Libya’s Huge Oil Field. Sharara
Libya’s oil production and exports have been severely disrupted since early December.
Read More »Rollercoaster Ride of Oil Market
The United States increased output by 2.1 mbd last year. the ".highest ever". annual growth ever recorded.
Read More »Rebalancing of Global Oil Market to Be Gradual
Venezuela has seen the collapse of its oil industry slow during the second half of 2018.
Read More »Russia Cannot Swiftly Reduce Oil Output under OPEC Deal
Russia will attempt to do so as quickly as possible.
Read More »Russia Starts Gradual Oil Output Cuts
Russia’s reductions are modest compared with the cuts from some of its partners.
Read More »Iraq Boosted Production. Exports Just Before Cuts Began
Iraq’s commitment to the latest deal is critical to the cartel’s success.
Read More »2019. A Record Breaking Year For LNG
Political factors are one of the reasons that Novatek’s Arctic-2 LNG project in Russia has a high chance of succeeding.
Read More »Oil Rises amid U.S-China Trade Talks. Supply Cuts
OPEC oil supply fell in December by 460.000 barrels per day (bpd).
Read More »Iraq Is Committed to OPEC+ Oil Output Reduction
Iraq oil minister has directed oil officials to take urgent measures to comply with the cuts.
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