Tag Archives: Asia

The two leading non-OECD oil markets. China and India. both remain on course to grow solidly this year.

At the last OPEC meeting in Vienna. the agreement was again extended until the end of 2018.

Bilateral trade between Canada and Saudi Arabia is worth more than $3 billion a year.

In May. Trump announced that his country would unilaterally withdraw from the JCPOA deal.

As the row deepens. oil was bound to become the center of attention. albeit briefly.

U.S. sanctions on Iran could push oil prices up to $90 per barrel later this year.

Iraq has no option to export Kirkuk crude from the north of the country due to a political dispute with KRG.

India. like Turkey. has previously said it only complies with sanctions imposed by the United Nations. not those issued by individual nations.

In 2017. Japan met 5.3 percent of its oil demand with imports from Middle Eastern nations.

Eastern Canadian refineries import about 75.000 to 80.000 barrels per day of Saudi Arabian crude.