Tag Archives: Asia

The stock market in Saudi Arabia plunged on Sunday. and analysts believe oil could be the next to be affected.

Saudi Arabia is the world'.s largest oil exporter.

Saudi Arabia has the capacity to produce 12 million bpd and is currently producing 10.7 million bpd.

A large part of the revenues from Turkmenistan'.s sales to China are believed to be used to pay off debt on the pipeline link.

Concern for the environment is a major reason for China'.s increasing imports of gas.

Spot Asian LNG spiked last month in anticipation of winter demand after a hot summer depleted stockpiles.

The world’s fifth-largest crude buyer imported 10.8 million tonnes of crude last month.

China is not the only country that is opposed to reinstating sanctions on Iran.

The Trump administration has called on all buyers of Iranian oil to cut imports to zero.

India wants to keep importing oil from Iran. because Tehran offers some discounts and incentives for Indian buyers.