India'.s imports from the Middle East declined from 145.8 million tons in 2018 to 132.4 million tons last year.
Read More »OPEC Needs to Cut a New Deal and Fast
China is. by far. the biggest market for OPEC+ crude exports. with the big Arabian Gulf producers particularly vulnerable.
Read More »Switzerland Says Its Firms Ready to Engage in Trade with Iran
A senior official at the Swiss State Secretariat for Economic Affairs (SECO) said many companies have voiced readiness to engage in trade with Iran following the opening of a financial channel earlier this week.
Read More »Huawei. ZTE Urge U.S. not to Impose National Security Risk Labels
Huawei Technologies Co Ltd and ZTE Corp (000063.SZ) on Monday both asked the U.S. Federal Communications Commission (FCC) not to finalize its designation of the China tech giants as risks to U.S. national security.
Read More »China Oil Demand Has Plunged 20% Because of the Virus Lockdown
Chinese oil demand has dropped by about 3 million barrels a day. or 20% of total consumption. as the coronavirus squeezes the economy. according to people with inside knowledge of the country’s energy industry.
Read More »Russia. Saudi Arabia Confirm Readiness to Cooperate in OPEC+ Format
The OPEC+ production reduction pact aimed at stabilizing crude prices is valid until the end of March 2020.
Read More »Iran Exports 7.7mn Tons of Steel. Ingot in 9 Months
Indicated that totally 7.797.000 tons of steel ingots and products were exported from the country in the first nine months of the current year. showing a 46 percent growth as compared to the same period of last year.
Read More »Russia. Saudi Arabia Confirm Readiness to Cooperate in OPEC+ Format
The OPEC+ production reduction pact aimed at stabilizing crude prices is valid until the end of March 2020.
Read More »Chinese Stocks Sink 8% in Worst Rout Since 2015 Bubble Burst
A gauge of the nation’s stocks plunged almost 8%. commodity futures from iron ore to crude sank by the daily limit. and the yuan weakened past a key level against the dollar.
Read More »UAE Announces Major Gas Find
The UAE wants to achieve gas self-sufficiency and possibly become a net gas exporter.
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