Tag Archives: Asia

Much will depend on the European Union. which has vowed to resist US sanctions on Iran.

Some believe that China’s move aims to keep oil as a bargaining chip for future negotiations on tariffs or Iranian sanctions.

In June. Royal Dutch Shell exited the Majnoon oilfield in southern Iraq and handed over its operations to the state-run Basra Oil Co.

China'.s LNG import volume is soaring as it moves to fulfill growing domestic demand for gas.

The cut in electricity export to some neighbors this summer was due to the peak demand period.

Total had previously withdrawn from the field in 2009 because of sanctions.

Iran’s output was the lowest since April last year at 3.75 million bpd.

US LNG has so far been excluded from tit-for-tat tariff rounds between Washington and Beijing.

The world will need 32.05 million barrels per day (bpd) of crude from its 15 members in 2019.

While EU has taken major steps to liberalize its energy market since the 1990s. Turkey has also initiated the liberalization of its energy sector.