OPEC and its allies do not rule out taking further action at their next meeting in April should oil inventories build up in the first quarter, OPEC’s secretary general told Reuters.
Worried by a drop in oil prices and rising supplies, OPEC and non-OPEC countries such as Russia agreed in December...
Russia’s government approved on Thursday a ten-year modernization program for Russian power plants, expected to attract $28.8 billion in private investments in the sector, Energy Minister Alexander Novak said.
"The government approved today a plan to upgrade nearly 40 gigawatts of installed...
South Korea imported no Iranian crude for the fourth straight month in December due to the re-imposition of US sanctions on Tehran, while intakes from the US and Kazakhstan rose sharply as alternative sources, data released by Korea National Oil Corp showed.
South Korea has fully suspended crude...