Tag Archives: China

Iraq’s 2018 budget of nearly $88 billion comes with a deficit of more than $10 billion.

China’s total crude oil imports in March rose to the second-highest on record at 9.2 million bpd.

Washington failed to back up its words with action after Beijing pressured Hanoi into abandoning a South China Sea oil drilling project.

China produced 9 bcm of shale gas last year. or 6 percent of its total gas output.

Asian Premium is the extra charge being collected by OPEC countries from Asian countries when selling oil.

China’s Finance Ministry even pledged to exempt nonresidents investing into the contract from taxes for up to three years.

The United States now produces more crude than top exporter Saudi Arabia.

Natural gas shortages this winter caused chaos. cutting off supplies to industrial users and causing big spikes in prices.

Sinopec put in the request earlier this week after national oil company Saudi Aramco set higher-than-expected prices.

Iran'.s National Iranian Oil Co. is expected to release its OSPs for May-loading crude later this week.