Tag Archives: Crisis

Druzhba usually supplies up to 1.5mn barrels a day of Russia’s benchmark Urals blend into central Europe.

Iranian Oil Minister Bijan Namdar Zanganeh said that the Supreme National Security Council (SNSC) has tasked the Foreign Ministry with holding talks with European countries on Tehran’s oil exports to the bloc.

Oil production would continue falling and possibly accelerate throughout 2019 as sanctions-related deadlines pass.

Huawei founder and CEO Ren Zhengfei thanked US companies for their years of cooperation and said he believed that the supply cut to Huawei was instigated by US politicians rather than US companies.

The global inventories particularly in the U.S. inventories are high and are still rising.

Pakistan is one of the world’s fastest growing LNG markets and is still looking to secure long-term supply contracts for its second LNG terminal.

PDVSA is trying to retool the upgrades to process a simpler form of heavy oil.

Anyone who uses oil as a weapon is bringing forward the death and collapse of OPEC.

All members remain focused on OPEC'.s principal objective to ensure stability at all times in n the oil market.

Iran has threatened that it will close Hormuz Strait if US blocks the country'.s oil exports.