India’s total crude oil imports for FY19 was marginally down to 209.4 million tonne.
Read More »Global Shares. Oil Slump after Trump Vows China Tariff Hike
The risk for Trump is that the Chinese don’t play ball and don’t go ahead with the negotiation.
Read More »Saudi Aramco Raises All June Asia-Bound Crude OSPs by $0.40-$1.20 b from May
The June Medium grade price differential was the highest since December 2013.
Read More »Oil Falls As Trump Threatens New Tariffs on China
Ongoing trade negotiations may not have the positive outcome markets hoped for until recently.
Read More »China Unlikely to Follow US Oil Sanctions on Iran
China is Iran'.s biggest oil customer. importing about 22 million tons of crude oil from Iran in 2018.
Read More »Iraq will Respect OPEC Agreement and not Raise Production
Iraqi oil output was around 4.57 million b d in April.
Read More »Syria. Iran. Iraq to Form Joint Bank as Construction of International Railway Begins
U.S. sanctions will have no impact on the activities of the headquarters.
Read More »Iran’s National Oil Company to Open Office in Iraq
The two sides agreed to let NIOC set up a representative office in Iraq to facilitate activities by Iranian producers.
Read More »S.Arabia. UAE Unable to Increase Oil Production
Enemies are waging a psychological war against Iran.
Read More »Turkey Can’t Quickly Replace Iran`s Oil
Turkey’s refineries are not equipped to process crude oil from just any other country.
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