Tag Archives: Asia

India’s refining capacity would increase to about 439 million tonnes per year by the financial year of 2030.

China’s refining capacity will grow to 880 million tonnes a year. equivalent to 17.6 million barrels per day. by 2020.

Saudi Arabia pledged in June to increase its crude oil production to help rein in prices.

The second meeting of the working group is planned to be held in Moscow.

ATC was set up in 2012 to market refined products. base oils and bulk petrochemicals.

Unipec is the trading arm of Asia’s largest refiner Sinopec.

The last time Iran was the subject of sanctions. Japan curbed its imports of Iranian crude.

The OPEC monopoly must get prices down now!`` Trump wrote on Twitter.

OPEC and non-OPEC countries had agreed to review current oil production as a countermeasure to the lack of Iranian oil caused by the US sanctions.

Iran argues one member has no right to steal the quota of another.