The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector.
German Chancellor Angela Merkel said on Monday there were good reasons to continue the European Union's energy partnership with Russia for the time being but that might change if Moscow continues to violate basic principles.
Hungarian oil group MOL is reasonably confident that its crude supplies from Russia will not be disrupted by the Ukraine conflict because its Russian partners are reputable companies, the head of its downstream business said.
Oil is in the midst of one of its steepest selloffs since the financial crisis, with prices falling 16 percent since mid-June. This has the Saudis contemplating even deeper cuts in oil production to keep prices from declining any further.
LNG investments could soon increase as the fuel could soon benefit from a rising demand for gas from the transport sector.
There was a time when headlines about jets bombing Middle Eastern refineries would have sent oil prices soaring.
West Texas Intermediate crude fell from the highest price in seven days as concern eased over the risk of a supply disruption in the Middle East. Brent declined in London.
At The Riga Conference 2014, the annual high-level meeting in its 9th year of local, EU and global security policy-makers and experts, energy security issues were featured prominently during debates.
По итогам полугодия «Газпром нефть» сохранила лидерство в отрасли по темпам прироста добычи и увеличению объемов переработки нефти, а также по таким показателям эффективности, как возврат на вложенный капитал и удельный операционный денежный поток на баррель нефтяного эквивалента.
Argentina’s YPF and Malaysia’s Petronas are negotiating a joint-venture with Mexico’s Pemex – possibly starting with shallow water fields – in a bid to become the first foreign oil companies to seize the opportunities of Mexico’s energy reform.