Tag Archives: Bloomberg News Agency

Aramco is moving fast to add banks in junior roles on the deal after choosing the top underwriters last week.

The attack on the kingdom’s most important oil production facility has crimped the availability of lighter grades such as Arab Extra Light and Arab Light.

The emergency stockpile is stored in huge underground salt caverns along the U.S. Gulf Coast.

Saudi oil facilities as well as foreign tankers in and around the Persian Gulf have been the target of several attacks over the past year.

Iran'.s crude exports and production have plummeted because of the sanctions.

Oil demand growth will be ``significantly higher`` helped by a comparatively low base in the second half of 2018.

Earlier this year. Novatek agreed to sell a 20% stake in Arctic LNG 2 to China’s Cnooc Ltd.

OPEC+ is expected to reaffirm its commitment to rebalancing the market at its September 12 meeting.

The first production unit at Arctic 2 LNG will come online by the end of the third quarter of 2023.

China lifted 926.119 bpd of Iranian oil in July. up 4.7% month on month.