Tag Archives: Asia

Saudi Arabia and some other Persian Gulf producers recently favored the idea of increasing overall output by 300.000 to 400.000 barrels a day.

India has been urging the OPEC to end Asian Premium with Prime Minister Narendra Modi.

Kuwait is planning a new heavy crude grade later this year. with a gravity of 16 API and 4.9% sulfur content.

Kazakhstan has a vast potential for development of renewable energy sources.

Iraq has formed a joint venture with a shipping company owned by Arab states to transfer. store and trade crude and oil products.

The U.S. is focused on a ".fair". trading relationship with China.

Venezuelan crudes are mainly used for asphalt production in China. the demand for which peaks over September-November.

Chevron has signed a memorandum of understanding (MoU) with Basra Oil Company.

Some new members-elect of Iraq’s parliament think that Iraq should be able to export as much crude oil as it wants.

Falling production from Venezuela has contributed to a rally in global oil price Brent to nearly $80 a barrel.