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The EU issued an official statement urging the sides in the conflict to stop the violence.
Read More »Libya will Lose Oil Production if Fighting Continues
Wood Mackenzie Comments on BP Exiting China Shale Gas
Wood Mackenzie forecasts 15 billion m3 yr of shale gas production by 2020.
Read More »Russia will Expand LNG Market Share
Russian can claim a 20% share in the global LNG market.
Read More »Oil Market will Balance by Year-End
The UAE can raise production to 3.5 million barrels per day. only if needed.
Read More »Venezuela`s Oil Supply Collapse Tightens Global Market
Venezuela. plus Iran and Libya. were exempted from making voluntary curbs under the OPEC+ deal.
Read More »Libyan Civil War Threatens Oil Supply
The sudden risk to Libya’s oil supply comes at a time when the broader global oil market is tightening.
Read More »Iran surprises US. observers with spike in oil exports
Iranian exports of crude oil and condensate have surged to levels near before sanctions. surprising market observers and affording the country an important victory in a US economic war on Tehran.
Read More »SOCAR will Establish $1.5 Billion Petrochemical R&D Center in Turkey
The R&.D center will focus on the development of petrochemical products. materials. and energy efficiency.
Read More »Oil Prices Hit Highest in 5 Months as Libya Fighting Tightens Supply
Libya is a significant supplier of oil to Europe. producing around 1.1 million barrels per day (bpd) of crude in March.
Read More »Iran will Open Business Office in Turkey. Lebanon. Syria. Iraq
Iran’s 15 neighboring countries account for 55 percent share of non-oil exports.
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