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Iran Oil Export to China Surges

The Islamic Republic of Iran has exported 337 million barrels of oil to China since the start of 2021 and the price of each barrel increased from 56 dollars to 97 dollars during this period, so the average oil price shows Tehran has not sold oil in cheap price. An …

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Saudi Arabia Looks to Position NEOM as a Hydrogen Leader

At the first-ever conference devoted exclusively to carbon-free hydrogen in the Middle East and North Africa (MENA), participants looked in depth at the technical and financial complexities of getting major projects off the ground. They covered projects announced by various consortiums worldwide, all in early-stage development. An exception appeared in …

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China may Spend $100 Billion more on Crude Oil Imports in 2022 amid Surging Global Oil Prices

With the high volatility of international oil prices, China’s year-on-year increase in spending on oil and gas imports may exceed $100 billion, while further pressuring downstream business operations in addition to commercial consumption, financial media outlet Caixin reported on Wednesday, citing multiple experts. China may spend $100 billion more on …

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