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Offshore Investment To Bolster Middle East Oil And Gas Supply Ambition


The most bountiful petroleum plays in the Middle East may no longer be storied gushers from the past but more technical offshore areas. The most recent hydrocarbon production boom is underway in the Middle East, and this time, the race

GLOBAL LNG-Prompt Asian prices hit 4-month low, drop below $5/mmBtu


Asian spot prices for liquefied natural gas (LNG) for the current month fell below $5 per million British thermal units

U.S. oil and gas boom tamed by sharply lower prices


U.S. oil and gas production growth is slowing, as lower prices force shale firms to reduce new well drilling and

Russia set for long-term partnership with OPEC, says Gazprom Neft


Gazprom Neft, Russia’s third largest oil producer, believes Moscow’s cooperation with OPEC on output will continue into the long term,

2020 could mark start of downcycle for China’s petrochemical industry


In a recently published report, Wood Mackenzie predicts the start of a downcycle in China’s petrochemical industry. A supply overhang has already hit the country’s paraxylene (PX) market, with olefins and polyolefins markets almost certain to face the same.

China is

Norway’s December oil output hits 9-year high


Norway’s oil production rose in December to a nine-year high 1.76 million barrels per day, beating official forecasts by 12.7%

UK GAS-Prompt prices mixed on colder temperatures, healthy demand


British prompt wholesale gas prices were mixed on Friday morning as colder temperatures forecast from the weekend pushed up demand

Sinopec to review potential $16 billion U.S. gas deal with Cheniere – sources


China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review

Oil steadies as Chinese economy offsets trade optimism

Oil prices steadied on Friday as sluggish economic growth in China, the world’s biggest crude importer, raised concerns over

Oil held in check as Chinese economy offsets trade optimism


Oil prices edged higher on Friday but were little changed on the week as sluggish economic growth in China, the

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