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China increased its purchase of Iranian oil from March to April.
Read More »China Piles Iranian Oil Before U.S. Waiver Ended
Aramco to Buy Stake in Refining Business of India`s Reliance
Aramco is expanding its refining and petrochemical business globally.
Read More »US Warns India Purchase of Venezuelan Oil
Trump gave India a temporary exemption from the embargo. which carried economic penalties for violations.
Read More »Increase in US Rig Count Weighs on Oil
China is trying to stem the slowdown with aggressive fiscal stimulus measures.
Read More »US Influence in the Energy Market to Grow
OPEC and other major producers are considering coordinated output restrictions to stem a further drop in prices.
Read More »Turkey Warns ExxonMobil against Cooperating with Cyprus
Turkey plans to begin drilling in areas off the northern coast of Cyprus'. coast.
Read More »Libya`s NOC Says Oil Storage Damaged in Attack on Key Ports
Libya has descended into chaos following a 2011 uprising that toppled a longtime ruler.
Read More »Shinzo Abe Praises Relations with Oil-Rich UAE
About a quarter of all oil imports for Japan come from the UAE.
Read More »World Bank: Oil. Natural Gas. Coal Price will See 20% Rise in 2018
The World Bank forecast that metals prices are expected to rise 9 per cent in 2018 on the back of a pickup in demand and supply constraints.
Read More »OPEC`s Attemps to Boost Oil Prices Undermined by US Oil Industry
The EIA is forecasting US oil production will lift 14.8% to 10.70 million barrels per day this year.
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