Tag Archives: United States of America

Other Chinese refiners are looking to reconfigure their plants so they could buy and process U.S. oil. one trade source said.

The IEA said 80 percent of the growth in demand expected between now and 2040 should come from emerging markets. China and India chief among them.

The recent US oil rig peak of 1.609 was in October 2014. at a time oil prices had fallen to the mid-$80s b.

Sonatrach will boost discoveries to reach 100 million tonnes of oil equivalent per year.

The EIA estimates that the US pumped the equivalent of 30 million barrels of oil per day in 2017.

Gas is increasing in demand as the Chinese government moves to replace coal to combat air pollution.

The US is shipping record amounts of crude following the end of an export ban in late 2015.

Europe has been very active in showing its support for gas transit revenue dependent Ukraine.

Higher oil prices are a key risk to the growth outlook.

French energy giant Total this week announced it will pull out of a major gas project in Iran by this fall unless U.S. sanctions are waived.