Oil

As the world’s top crude oil exporter. Saudi Arabia will not be giving away easily its crown and the geopolitical clout that comes with it.

On Monday. China reported its lowest annual economic growth since 1990.

During the first stage. Iran had sold 280.000 barrels of crude in the stock exchange in October.

Brent prices climbed last week on optimism a thaw in China-US relations will help sustain global growth.

The status of Iran’s oil technology is incomparable to how it was 20 years ago.

Venezuela has seen the collapse of its oil industry slow during the second half of 2018.

Russia will attempt to do so as quickly as possible.

Japanese refiners and shipping companies have recently clarified their concerns over relevant shipping insurance.

Big Oil will probably approve about 110 offshore projects this year.

Market participants would be looking out for last week'.s US inventory data to provide further price direction.