Tag Archives: Reuters International News Agency

Iraqi authorities are looking to speed up gas exploitation to help overcome severe electricity shortfalls.

Iraq is the second-largest producer in the Organization of the Petroleum Exporting Countries.

Oman will host the joint ministerial monitoring committee. known as the JMMC. on Sunday.

Falih and UAE minister Suhail al-Mazroui said they did not think the rise in prices would hurt global demand for oil.

OPEC. supported by Russia and other non-members. began to reduce output a year ago to remove an oil glut built up in the previous two years.

Saudi Arabia’s energy minister urged global oil producing nations on Sunday to extend their cooperation beyond 2018.

The state-controlled firm has invested heavily in high-powered computing to give it an edge over rivals in exploration and get its resources to market faster.

The Sanchi was carrying 136.000 tonnes of condensate before the accident. most of which evaporated after the stricken shipped burned for days.

The market is currently experiencing Brent crude prices at around $70 a barrel. a price not seen since 2014.

The world’s third-largest gas consumer has been hit by a supply crunch this winter.