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Russian-Saudi-OPEC collusion reduced the slack in oil markets. and led to lower stockpiling of crude oil and petroleum products in 2017.
Read More »Trump Is Angry Over Oil and OPEC Has a Discreet New Plan to Calm Him Down
UAE to Introduce New Crude Blend
ADNOC has a target to have production capacity of 3.5 million bpd by the end of this year.
Read More »Sinopec in Talks to Involve in Papua New Guinea LNG
The supply deal will likely start ahead of this winter and it will be for about three years.
Read More »OPEC. Allies Struggle To Add Pledged Barrels to the Market
Top exporter Saudi Arabia pumped most of the extra oil. raising output by 524.000 bpd in September compared to May.
Read More »Turkey`s Tupras in Talks with U.S. for Iran Sanctions Waiver
Turkey imported around 97.000 barrels per day of Iranian oil in August and 133.000 bpd in September.
Read More »Saudi Aramco will Invest in Refinery-Petrochemical Project in East China
The first crude carrier supplying the refinery should arrive in December or January.
Read More »U.S. Oil Service Firms Face Tough Quarter despite High Crude Prices
Producers’ unwillingness to raise spending despite higher oil prices also is taking a toll.
Read More »Saudi Arabia is Committed to Meeting India’s Oil Demand in Case of Shortfall
Saudi Arabia is India’s second largest oil supplier after Iraq.
Read More »India Oil Demand to Rise by 5.8 Million bpd by 2040
Global oil demand is expected to increase by 14.5 million bpd from 2017 to 111.7 million bpd in 2040.
Read More »Washington shouldn`t Interfere in European Energy Policy
The German government said last week it continues to regard the Nord Stream 2 pipeline as a useful project.
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