“Relatively low gas prices, combined with low oil prices, have slowed drilling in the Marcellus (Shale) so production from new wells is only offsetting the decline in old wells,” said EIA lead upstream analyst Dana Van Wagener.

U.S. oil production decreased on 259,000 barrels per day

"I will defend the position for the construction of Nord Stream II and (a) gas hub in Bulgaria - it is advantageous for the country and nobody can reproach me for that," Borisov told reporters.

EBITDA ПАО «ЛУКОЙЛ» ЗА 9 МЕСЯЦЕВ 2015 ГОДА СОСТАВИЛА 10,5 МЛРД ДОЛЛ., ДОБЫЧА ЖИДКИХ УГЛЕВОДОРОДОВ ВЫРОСЛА НА 3,9 %. СВОБОДНЫЙ ДЕНЕЖНЫЙ ПОТОК СОСТАВИЛ 2,0 МЛРД ДОЛЛ.

“We are interested to come back to Iran when the sanctions are lifted and if the contracts are interesting,” Stephane Michel, Total’s head of exploration and production in the Middle East said at the conference. “We have worked in this country for a long time, so we know specific fields on which we’ve worked.”

The development of economic relations starting with the so-called suitcase trading of the early 1990s when Russian and Turkish tourists began to visit each other’s country, engaging in cross-border commerce, and ending with complex investment project such as Russia’s planned Akkuyu nuclear power plant in Turkey contributed to the softening of those rivalries.

India's production will tail off due to limited resources and relatively high costs for new projects, leading to more imports as economic growth picks up speed.

In its Energy Demand Forecast, the institute said the country's jet fuel demand is expected to increase 5.5% on year to 36.2 million barrels next year, compared with 34.4 million barrels estimated for this year.

Совместное предприятие «Роснефти» и BP на основе ООО «Таас-Юрях Нефтегазодобыча» продолжит разработку одного из крупнейших в Восточной Сибири нефтегазоконденсатных месторождений – Среднеботуобинского. СП также предпримет шаги по созданию инфраструктуры для дальнейшей разведки и освоения запасов региона.

"Indonesia is an important country for Saudi Arabia, a rising global economy, we would like to be a part of the growth of Indonesia," Saudi Aramco CEO Amin H Al-Nasser said at the signing of the initial agreement to upgrade the Cilacap refinery in Indonesia's Central Java province.