Tag Archives: Asia

The OPEC remains positive on the overall oil demand.

The move is in line with a transformational strategy pushed by Sinochem chairman Ning Gaoning to zero in on core assets.

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Total had previously withdrawn from the field in 2009 because of sanctions.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