In recent years. American reliance on foreign petroleum has dropped.
Read More »Libya Fuel Smuggling Costing $750 Million a Year
Libya. holder of Africa’s largest crude reserves and an OPEC member. is already reeling from political divisions.
Read More »Total will not Give Up on Venezuela
Earlier this month. Chevron Corp said two of its executives had been arrested in Venezuela.
Read More »Eni`s Strategic Partnership with Sonatrach
Italy’s gas imports have tipped away from Algeria towards Russia in recent years as Algerian production has stagnated.
Read More »Tax Change could Boost Oil Output
Russia’s parliament has approved the new profit-based tax on the oil industry on a first reading.
Read More »Kuwait Mulls Increasing Gas Output
Approximately 60 percent of Kuwaiti consumption of natural gas is used for the refining and petrochemical sector.
Read More »OPEC Mulling Longer Oil Cuts at June Meeting
OPEC and other suppliers including Russia will discuss continuing the global production limits beyond the end of the year.
Read More »OPEC Oil Production Fell by 200.000 bpd in March
Saudi Arabia’s March production fell 47.000 barrels to 9.934 million barrels a day.
Read More »Rise of Global LNG Demand over 2023-2030
Qatar is the world’s lowest cost major producer of LNG.
Read More »India to Work with China against OPEC`s `Asian Premium`
Asian Premium is the extra charge being collected by OPEC countries from Asian countries when selling oil.
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