Russia. the largest producer outside the group. is keen to exit as soon as possible.
Read More »Russia Looks to Sell Arctic Gas to Saudi Arabia
Russia is looking to open new gas fields and selling to the international market.
Read More »Libya Discusses Boosting Oil Output Amid OPEC Cuts
Libya agreed its oil production would not exceed 1 mln bpd. and Libya said it would bring its output in line with the target next year.
Read More »OPEC Outlook Sees US Influencing Global Crude Markets until 2025
Producers in the Middle East. most of which are OPEC members. have supplies that are relatively less expensive to produce.
Read More »Troubled GE Slashes 12.000 Energy Jobs
GE shares were up 0.5 percent in premarket trade. However. the company’s shares have sunk 44 percent this year.
Read More »Venezuelan Crude Exports to U.S. Fall To 15-year Lows
Venezuelan crude exports to the U.S. fell last month to their lowest levels since January 2003.
Read More »US Eyes Opportunities to Sell LNG to Saudi Arabia
The UAE. which is a net importer of gas. has been looking to diversify its supplies to meet growing demand.
Read More »Saudi’s SABIC to Open Office in Iraq
Saudi Arabia and Iraq are respectively the biggest and second biggest producers of OPEC.
Read More »After Poland and Lithuania. Greece to become the 3rd EU Country to Import American LNG
Greece would be the third European country to begin importing American LNG. after Poland and Lithuania.
Read More »World`s Largest Oil Consumer Needs a Lot Less Oil. Thanks to Its Own Output
U.S. net oil imports. including crude and refined products. last week dropped to just 1.77 MMbpd.
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