Tag Archives: Reuters International News Agency

In its Gas 2018 annual report. the IEA said Chinese demand for natural gas will rise by almost 60 percent between 2017 and 2023 to 376 bcm.

U.S. crude oil production has climbed by almost a third since mid-2016 to around 11 million barrels per day.

Russia will take leadership for the new secretariat.

There’s a strong challenge for the key producers to increase production and comfort the markets.

OPEC agreed in June to boost supply to make up for the expected disruption to Iranian exports.

Global supply next year could be helped by Brazil. Kazakhstan and the United States.

Iran’s oil exports could fall by as much as two-thirds due to the sanctions. straining oil markets.

Washington is pushing allies to cut imports of Iranian oil to zero.

The northern refinery of Baiji was brought back online and is producing 70.000 bpd.

OOCEP holds a 40 percent stake in the block. while Britain’s BP holds the remaining 60 percent.