Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Non-oil trade between Beijing and the Gulf Cooperation Council (GCC) has grown from just several billion dollars two decades ago to nearly $200 billion last year.
Read More »China Virus Threatens Gulf Economies
Geopolitical Tensions won`t Lead to Oil Market Shock
The oil market has been driven in recent years by a surge of non-OPEC production that has outstripped demand.
Read More »Saudi Arabia Remains South Korea’s Top Oil Supplier
The US has seen an increase in its oil supply to South Korea.
Read More »IEA may Cut Its Oil Demand Growth Estimates if Global Economy Weakens
China’s economic growth slowed to 6.2 percent in the second quarter.
Read More »Saudi Arabia Raps Oil Producers over Flouting of Output Cuts
The 24-member OPEC and non-OPEC alliance decided last year to cut production by 1.2 million barrels per day (bpd) from January 2019.
Read More »Top Major Producers will Consider Fresh Cuts as Trade War Hits Prices
The oil market has become highly sensitive to the US-China trade war.
Read More »China Acts Like a Bully in South China Sea
Vietnam and China have long been locked in a maritime disagreement over the resource-rich waters of the South China Sea.
Read More »Iran Urges Europe to Take `Effective` Steps to Save Nuclear Deal
US President Donald Trump in 2018 announced Washington was pulling out of the deal. to the dismay of its European allies.
Read More »Tanker Attacks Hits Oil-Import Dependent Asia
Japan is the world’s fourth-largest consumer of oil — after the US. China and India.
Read More »India Likely to Resume Importing of Iranian Crude Products
It is easier to trade in domestic currency as India has the option to route payment through one of India'.s state-owned banks.
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