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Middle East Spurs New Pricing Mechanism in Refining Industry

In recent years, the long-standing situation in the Middle East of producing large volumes of crude oil but limited refining capacity is quietly changing. To extract greater value from fossil fuel...

Global Oil and Gas Discoveries Decline for Tenth Consecutive Year

In recent times, oil exploration has regained prominence among nations and major oil companies, yet oil discoveries continue to hit record lows. Around 2010, annual conventional oil and gas discov...