Tag Archives: Economy

Shell believes it can almost double the earnings from its chemicals business within the next two years.

The major risk to future gas demand is the possibility that renewable power sources will take a larger slice of the global energy pie faster than now expected.

US President Donald] Trump himself barred US companies from entering Iran. we did not shut the way down.

The kingdom’s oil company dismisses reports it could drop huge international float in favour of private stake sales.

Chinese state-owned oil companies PetroChina and Sinopec have written to Saudi Aramco in recent weeks to express an interest in a direct deal.

Top officials. including the prime minister and other cabinet members. would be involved in promoting particular projects to nations in the region.

China remains the largest buyer with four tankers. followed by three to South Korea and two to India. The remaining two could head to Singapore. the data shows.

Under the sanctions. Iran'.s oil output was slashed by nearly 40% as a handful of buyers shipped in about 1 million bpd of oil from the country under special waivers.

A potential military confrontation in the Arab Persian Gulf should not be ruled out. It will unquestionably block oil and gas lanes. and spike oil prices to unknown levels.

Iran’s non-oil exports over the last fiscal year (started March 20) valued at $43.93 billion. The figure for the first half of the current year was $20.5 billion.