Global oil supply growth is plunging as an extended period of low prices takes its toll, the International Energy Agency (IEA) said in its annual Medium-Term Oil Market Report (MTOMR) that was released on 22 February
The International Association of Oil & Gas Producers (IOGP) has elected Shell’s executive V-P Safety & Environment Monika Hausenblas as the new Chair
The retail business segment of Emirates National Oil Company (ENOC) plans to increase its network capacity by 40 per cent in four years in the UAE
Kuwait has signed an export deal of 100,000 bpd with a major Asian company, with an expected potential annual return of US$2bn
The Saudi, Russian, Qatari and Venezualan oil ministers agreed on 16 February to freeze oil output after a previously unannounced meeting in Doha to tackle the supply glut, which has driven down oil prices to their lowest level in more than a decade
