Oil

Total was the first Western oil major to sign a $4.8 billion deal with Iran in July 2017 to develop and operate phase 11 of Iran’s South Pars.

The comments from al-Falih were quickly met with pushback from the IEA’s top officials.

The Panama-registered Sanchi was carrying the equivalent of nearly 1 million barrels of ultra-light crude. plus its own fuel. to South Korea.

The European exporters are suffering the effects of a widening spread between Brent and Dubai.

Navigation authorities of the four countries agreed to carry out a joint research on the collision of the Iranian tanker and the Chinese freighter which took place on January 6

China will import 452 million tonnes. equivalent to 9 million bpd. in 2018.

Analysts believe the shift toward electric cars will decrease oil demand.

There’s an acceptance that the OPEC-led deal should extend beyond 2018. Falih said.

With crude inventories down. Goldberg expects Brent to climb about 15% from current levels of $68.50 bbl to about $80 bbl.

The world’s top oil exporter aims to hold its production at around 9.8 million bpd level from January until March.