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Saudi Arabia, which is the biggest exporter of crude oil in the world, has raised pricing for such a commodity for March sales, as the oil-output cuts by the Organization of Petroleum Exporting Countries (OPEC) and other producers are...
In a bid to increase its energy security, India plans to add two more strategic crude oil reserves, according to the country’s Finance Minister Arun Jaitley. Specifically, the reserves will be set up in Bikaner and Orissa in addition to...
The much-publicized trade war between the US under the leadership of President Donald Trump and Mexico is believed to crash natural gas prices, considering both countries’ mutual dependency on such a commodity. According to 2016 records, the US exported around...
An energy-from-waste (EfW) power plant, which was built by renewable energy firm New Horizons Energy Ltd. and gas company Afrox, was inaugurated for operation in Athlone, South Africa. This new plant was specifically designed to create usable biomethane from organic...
Fuel prices in the US, especially for gasoline and natural gas, are expected to go up this 2017, according to the first short-term outlook by the Energy Information Administration (EIA). The new forecast indicates that crude oil prices in the...
Just recently, Statoil said that it has made an oil discovery five kilometers northwest of the Norne field in the Norwegian Sea. It also received approval from the authorities in Norway of its plans for development and operation (PDOs)...
Iran saw $29 billion in crude oil revenues in the first nine months of the fiscal year starting from March to December 2016, exceeding the oil export revenues in the previous fiscal year. Tehran, alone, reportedly earned around $25...
Based on a survey by Barclays, investments by oil and gas companies in the US are expected to rise this 2017 due to the quick response of the industry to the recent uptrend in crude prices. The company reports that,...
Crude closed at a 17-month high in NYC as investors weighed OPEC production cuts against signs of higher exports from Libya and a U.S. stockpile glut. Futures had not changed much, topping a 2.2 percent gain today. Libya's greatest oil...
BP has signed an arrangement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi's ADCO onshore oil concession, which has...

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