Friday, June 18, 2021
Australia’s Woodside Petroleum and its companions have deferred gasoline exploration plans in Myanmar till 2018 after some disappointing drilling outcomes, in line with 4 individuals acquainted with the scenario.Woodside and its accomplice, French oil and gasoline main Total,...
OPEC and Russia have defied the skeptics and their manufacturing cuts have eradicated half the oil-inventory surplus, which means the rebalancing of the market is accelerating, stated Secretary-General Mohammad Barkindo.“A balanced oil market is now absolutely in sight,”...
The Honghua Group Limited has awarded a $12-million, front-end engineering design (FEED) contract to Wood for its liquefied pure fuel (LNG) platform growth within the West Delta space of the Gulf of Mexico.The essential goal of the FEED...
U.S. crude oil inventories slumped final week as manufacturing fell sharply after Hurricane Nate hit the Gulf of Mexico, whereas refining charges had been down sharply as autumn upkeep season ramped up, the Energy Information Administration mentioned on...
OPEC expects its efforts to clear the excess in oil inventories to lastly succeed by the top of the third quarter of subsequent 12 months, mentioned individuals conversant in the group’s inside forecasts.The Organization of Petroleum Exporting Countries...
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