Tag Archives: Bloomberg News Agency

Russia’s rise came as U.S. policy makers grew preoccupied with Asia. and the American public tired of Middle East wars – something both Obama and Trump acknowledged.

The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.

Chinese companies have moved into Venezuelan upstream activities as well. However. here the primary play has been to control oil export revenues.

In this context. the IPO of Aramco becomes even more essential for Prince Mohammed’s diversification plans.

In the meantime. the Saudis have lost some of their market share. both to Russia and Iraq.

Producers in the U.S. and Canada have made dramatic efforts to cut costs since the collapse of oil prices three years ago.

Iran also plans to introduce its new heavy crude grade from the West Karoun oil field as soon as six months from now.

The Trump administration is supporting the LNG export industry further.

Iran currently produces about 3.8 million barrels per day (mb d) and exports about 2.2 mb d. plus 400.000 bpd of condensate.

The world economy is ``almost as good as it gets.`` with one of the best performances since the global financial crisis of 2008-09.