The relatively high price for crude oil is having only a relatively minor impact on demand, though global economic growth could slow, a Platts analyst said. The Organization for Economic Continue Reading
Global trade in liquefied natural gas (LNG) reached 38.2 billion cubic feet per day (Bcf/d) in 2017, a 10% (3.5 Bcf/d) increase from 2016 and the largest annual volume increase Continue Reading
One of the hallmarks of the good life in developed countries is the freedom to move about as we choose in personal vehicles. However, as populous developing countries are gaining Continue Reading
Global spending on renewable energy is outpacing investment in electricity from coal, natural gas and nuclear power plants, driven by falling costs of producing wind and solar power. More than Continue Reading
Top oil exporter Saudi Arabia has told OPEC that it raised oil output to a little more than 10 million barrels per day (bpd) in May, a source familiar with Continue Reading
Iraq will look at whether to increase oil output if OPEC decides to lift production at a meeting on June 22, the country’s oil minister said on Monday. Jabar al-Luaibi Continue Reading
Total has extended a partnership in an Algerian natural gas field for the next 25 years. File Photo by Steve Oehlenschlager/Shutterstock June 11 (UPI) — French energy company Total said Continue Reading
Facing U.S. pressures on its banking channels, Iran’s economic minister said agreements were made with China to use their national currencies for trade. Iran’s banking channels could be impacted by Continue Reading
The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the Continue Reading
OPEC and allies should not bow to the pressure to increase production to offset supply disruptions, Iraq’s Oil Minister Jabbar al-Luiebi said on Monday, adding that unilateral decisions could be Continue Reading
