Tag Archives: Dispute

China accounts for 85 percent of the world’s production of rare earths.

OPEC and its allies have agreed to cut production by 1.2 million b d through to the end of the first quarter of 2020.

Tensions in the Middle East have heightened in the wake of attacks on tankers and U.S. drones.

Turkey has sent two drilling ships. Fatih and Yavuz. as well as an exploration vessel. to operate in waters off the divided island of Cyprus.

There is large uncertainty surrounding demand .

A legal battle over the quality and price of gas imported by Iran from Turkmenistan continues at the International Court of Arbitration (ICA). the National Iranian Gas Company (NIGC) said.

The National Iranian Gas Company (NIGC) said that the gas case between NIGC and Türkmengaz Company was still being considered in the International Court of Arbitration.

Iran has won the first phase of the legal proceeding at the International Court of Arbitration (ICA) over the quality and price of gas it received from Turkmenistan in 2007. an informed source said.

Over the past two years. Iran provided credible evidence to the court which proved that Turkmenistan was not allowed to cut off gas supplies. thus it has to pay compensations to Iran.

Oil is heading for its second monthly loss this year as a gloomy economic outlook eclipses concerns crude flows may be disrupted from the Middle East.