China has traditionally played a small role in Middle East conflicts or diplomacy despite its reliance on regional oil.
Read More »TurkStream will Strengthen Russia`s Influence in European Energy Market
Growing LNG-capacities in Europe will be a constraint for Turkey in its path to dictate terms to the EU as a regional gas hub.
Read More »Crude Oil Futures Lower amid Concerns over US-China Trade Tensions
Crude oil futures were lower as global economic outlook dimmed over an escalation in US-China trade tensions.
Read More »Oil Prices Drop as US-China Tension Fuels Growth Concerns
The trade war has been hitting economic growth. which tends to reduce demand for commodities such as oil.
Read More »Several Countries Continue Importing Iranian Oil in Defiance of US Sanctions
China and other countries are receiving oil shipments from a large number of Iranian tankers. defying sanctions imposed by the United States to choke off Tehran’s main source of income. an investigative report by The New York Times said.
Read More »Oil Prices could Crash by $30 If China Buys Iranian Crude
Shipments of Iranian oil fell below 550.000 b d (barrels per day) in June from about 875.000 b d in May and about 2.5 million b d in June 2018.
Read More »Iran to Scale Back More Nuclear Commitments as Permitted Under JCPOA
Iranian Foreign Minister Mohammad Javad Zarif says the country will go ahead with the third phase of scaling back its nuclear deal commitments under the current circumstances.
Read More »Iran Govt. Approves to Drop Four Zeros. Revert to Toman
The Iranian government has approved to revalue its rial tenfold and revert to the currency’s old name. the toman. the Fars news agency reported.
Read More »OPEC Sees Oil Output Hit Lowest Level since 2011
Among countries with higher output. Gulf producers Kuwait and the United Arab Emirates both raised supply while remaining below their OPEC targets.
Read More »Russia Adds 106.8MW Wind Power Capacity for 2024 Delivery
Oil and gas-rich Russia in 2013 had started to hold annual renewable tenders to reach 5.4GW in renewable energy capacity by 2024.
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