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Strong consumer spending helped ensure economic growth in Kuwait this past year, although a slowdown in the energy sector meant the rise in GDP was modest. The outlook for the oil industry in 2014 is unclear, but there is an expectation that private
North American oil output set to grow over the next several years and consumption declining. But the risk of such a move would likely cause much more harm than good in both the short and long term. Pickens co-founded, itself depends on oil being
Algeria (AP) Algeria's energy minister says a gas installation where a terrorist attack left at least 37 hostages dead last year will soon return to full production. Youcef Yousfi says the Ain Amenas site, which now operates at two-thirds capacity,
Iraq was the only member of the Organization of Petroleum Exporting Countries to post a decline in oil production last month, the IEA said Tuesday...December production, however, was 310,000 bpd higher than the previous month. January market report
The shift away from oil produced by members of the Organization of Petroleum Exporting Countries is a win for U.S. drivers, a AAA spokesman said Tuesday. January, said demand for its crude oil should decline in 2014 by about 400,000 barrels per day.
The Libyan Ministry of Oil said oil production has reached an average level of 581,657 barrels per day, a 2 percent increase from its previous estimate. The government said the 581,657 barrels per day average was achieved during the week ending Jan.
Oil prices eased in Asian trade Monday after China's 2013 economic growth came in at its slowest rate in 14 years, fueling concerns over demand in the world's second largest economy. New York's main contract, West Texas Intermediate (WTI) for
It has 1 billion more people than the U.S. as it is the most populated nation on earth...Unfortunately, China also tops the list of the countries with the highest carbon emissions ...Given that 29% of San Francisco's pollution is imported from China,
However, not all of the light that's shining brightly on the photo above are from America's highways and byways. Some of those lights are actually from America's energy fields...One of the shocking losers of America's energy boom is natural gas. We
Saudi Arabia welcomes the surge in US shale oil production for its stabilizing effect on crude prices, Petroleum and Mineral Resources Minister Ali Al-Naimi was quoted as saying after a meeting with US Energy Secretary Ernest Moniz. World Oil Outlook