Oil

Pakistan currently meets just 15 percent of its petroleum demand with domestic crude oil production.

Saudi Arabia is sending the most crude oil to the U.S. in 15 months.

The biggest OPEC producer. Saudi Arabia. pumped 10.63 million bpd in July.

Iran will take advantage of special strategies to sell its crude oil.

A rebound in crude prices helped the world’s energy supermajors generate higher profits in the second quarter.

U.S. shale production is expected to slow over the next year.

The cut in Arab Light prices for September was the second consecutive monthly reduction of the OSP to Asia.

The company had last month halted all its shipments through the route following an attack on two of its very large crude carriers.

The oil market has been speculating about how much of Iran’s exports could be eroded by the U.S. sanctions.

Russia has used stocks held in tanks at its oilfields to boost production.