Oil and Gas

Panama Canal Expansion Facts

Panama Canal Expansion Facts

The Panama Canal expansion began in 2007, and will be finally completed next year. Costing $5.25 billion, this project will be a boon to international trade and LNG shipping.

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A Crude Problem For Putin’s Russia

A Crude Problem For Putin’s Russia

Some countries benefit from having oil as a cheaper input, but Russia is not one of them. Russia is the second largest exporter of oil selling 7.2 million bpd in global markets, which equates to about 45% of Russia’s budget revenues.

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