Oil

Iraqi oil officials announced in December plans to transport Kirkuk crude by truck to Iran’s Kermanshah refinery.

The fight between the US and the Middle East for a slice of the Asian oil market is heating up. with their rivalry now spilling over into refined fuels.

Since 2007. China has loaned more than $50 billion to Venezuela through an oil-for-loans.

Growth in shale production should limit any increases in Saudi oil pricing.

Under an initial agreement. Russia was expected to buy up to 500.000 b d of oil in return for Russian equipment and commodities.

OPEC. allied suppliers to meet in June to assess crude market .

Iran met seven percent of Japan'.s oil demand in 2016.

Sanchi burned for more than a week before it sank Jan. 14. sealing the fate for the estimated 29 crew members still on board.

The daily production of this field is 140.000 barrels of oil from near 90 wells.

Iraq shipped a record 3.55 MMbopd from Basra. the country’s southern outlet to the Persian Gulf. in January.