Crude oil prices extended their gains from the first week of the year into this week, fueled by frigid weather and hopes that the latest round of stimulus announced by the Chinese government would do the trick and revive past rates of oil demand growth.
Baker Hughes, an energy technology company, has announced that it has secured an order from Bechtel Energy to supply gas technology equipment for two liquefaction plants for Woodside Energy Group’s Louisiana LNG development.
Curious Minds Corner
What is the largest oil field in the world by proven reserves, and where is it located?
The Ghawar Field, located in Saudi Arabia. It is estimated to contain around 58 billion barrels of oil.