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Sinopec expects China'.s total crude imports from the US in value terms to more than double in 2018 due to strong demand.
Read More »China-US trade Dispute to Hit VLCC Demand
Russia to Assess Legal Points of Purchasing Iranian Oil after Sanctions
Earlier this month. Washington urged its allies to stop importing oil from the Islamic Republic by early November.
Read More »US could ask Russia to Boost Production as Washington Prepares to Sanction Iran
Russian Energy Minister Novak is on his way to Washington to attend the World Gas Conference.
Read More »Kazakhstan will not Increase Oil Production at Kashagan This Year
Kazakhstan encourages OPEC'.s decision to increase oil production by 1 mln barrels per day within OPEC+ deal.
Read More »India and China Set To Form ‘Oil Buyers Club’
India is concerned that the rallying oil prices are hurting its economy.
Read More »OPEC Deal to Raise Oil Production will Control Prices`
OPEC agreed to a modest rise in oil production from next month.
Read More »Libya`s NOC Confirms LNA Control of Oil Ports
Libya’s national oil production has dropped to between 600.000 and 700.000 bpd due to the closure of the ports.
Read More »India to Go Back to Payment in Rupees
India imports around 10% of its crude oil requirement from Iran.
Read More »Kazakhstan Expects Fair Redistribution of Quotas between OPEC+ Countries
Oil production at Kazakhstan'.s Kashagan field will not be increased in 2018 to 370.000 barrels per day.
Read More »US Oil Rig Count Down but Prices Jump on OPEC News
The loss of a single oil rig did not have much impact on the oil market today.
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