Oil

Trade between North Korea and China has slowed through the year. particularly after China banned coal purchases in February.

Due to the lack of an oil pipeline at the moment. between 30 to 60.000 bpd will be delivered by tanker trucks to Iran.

Discovered in 1973. Nasiriya is Dhi Qar’s largest oilfield.

Latest outlook does not fixate on any one situation and that’s no help.

Iran'.s heavy crude oil price also experienced a $1.02 increase in the said week to settle at $60.49 per barrel.

OPEC doesn’t expect significant drawdowns in oil inventories in the first quarter of 2018.

China is by far the world’s largest oil importer. and many producer nations are already more than happy to transact in yuan terms.

Petronas confirms its exit from the Majnoon oilfield. Iraq. together with Shell.

Russia has been pushing for a timely exit from the cuts to make sure the market doesn’t overheat.

Novak was a key driver of the push for Libya and Nigeria. whose surging production earlier this year helped to crash oil markets.