International

The world’s top oil exporter is boosting its output of the natural gas.

Iraq exported 3.543 million bpd of crude oil in July.

Not a single tanker has loaded crude oil from the United States bound for China since the start of August.

TANAP will account for 10 percent of all gas imports to Turkey. which is important in terms of diversifying supplies.

Last month. Saudi Arabia temporarily halted oil shipments through Bab al-Mandab citing security concerns after Yemen’s Houthis attack.

At last month’s NATO summit in Brussels. President Trump caused a stir by claiming Germany was a ``captive of Russia.``

The dollar. which is considered to be the international currency. becomes a risky tool for payments.

In July. Venezuela’s oil production came in lower than PDVSA had targeted. according to Argus Media.

China earlier this year introduced the petroyuan as an alternative to the US dollar-dominated oil industry .

The Permian Highway Pipeline will provide additional capacity for reliable transportation of natural gas to the U.S. Gulf Coast.