China has found major shale oil reserves in the north-western part of the country in the Tianjin municipality. The field is home to two wells
Category: Oil
Oil Market Update: The American Shale Revolution Continues Unabated
The United States’ crude production from the country’s biggest shale formation is bound to reach 84,000 barrels per day (bpd) next month to a record
Pivoting Away from the Middle East: India’s Oil Major Signs First Deal for American Crude
Indian Oil Corp (IOC), the country’s major refining company, has finalized its first annual deal to buy US oil, paying about $1.5 billion for 60,000
Popular Opposition Forces Relocation of Saudi Aramco’s Planned Refinery in India
Popular opposition from farmers has forced Western Indian state of Maharashtra to move the location of the proposed oil refinery that is supposed to become
Turkish Stream Controversy: Part of Russian-Controlled Pipeline to Pass Through Serbia
Serbia has been given an approval to construct a part of the Turkish Stream pipeline from the Bulgarian to the Hungarian border under the condition
Defying US Sanctions: Saudi Oil ‘Accidentally’ Headed for Venezuela
Saudi Arabia sent a large unusual shipment of oil to Venezuela, with shipments between the two countries being very rare. Supertanker Abqaiq – a very
Energy Geopolitics: In Change of Heart, Now Russia Has Nothing Against Croatia’s LNG Terminal
Croatia’s plan to construct an LNG terminal on its island of Krk has been recently endorsed by Russian Ambassador to the country, Anvar Azimov, in
Oil Market Update: Russia Lags Behind in OPEC Production Cut Compliance
Russian oil producers pulled out their first 42,000 barrels per day from the market last month under the OPEC production-cut deal, a bit lower than
Morocco to Start Implementing Fuel Price Cap Regulation by Mid-March
Morocco will start intervening to tame fuel prices starting in March after the margins of the major distributors such as Total Maroc and Vivo Energy
New Exploration Methods – 3D Seismic Surveys – Discover Extra 1.5 Billion Barrels of Oil in Alaska
New digital technology has helped discover more than 1.5 billion barrels of crude oil in the North Slope, a region in the US state of