Due to the production cuts. Russia’s economy is expected to grow by just 1.2 percent in 2019.
Read More »OPEC has Vested Interest in Continued Growth of US
This commitment to a balanced market and a sustainable stability remains our key objective.
Read More »Growing Producer Consensus to Stabilize Market
The Kingdom is closely monitoring recent developments in the oil market.
Read More »Oil Prices Fall Amid Economic Slowdown
Other energy prices. like coal and gas. are also being hit hard by the downturn.
Read More »South Korea Finalize Plans to Raise Share of Renewable Power
Asia’s fourth-largest economy is shifting toward cleaner energy amid growing criticism over its air quality.
Read More »Iran. Turkey Work on Pact to Ditch Greenback in Bilateral Trade
Iran has the world'.s second-largest proven reserves of natural gas.
Read More »OPEC Focused on Market Stability
Increasing trade friction and potential barriers would certainly have a negative impact on the global economy and oil demand growth.
Read More »Trade War Could Trigger a Global Financial Crisis
If the China-U.S. trade war continues to grow larger. it may cause the global economy to decline. and may cause a global financial crisis.
Read More »China Targets FedEx in Warning to U.S
China targeted FedEx Corp. in its escalating trade war with the U.S.. giving a hint of the kind of foreign companies it may blacklist as unreliable.
Read More »Japan’s Iranian Oil Imports are Plunging
Preliminary data released by Japan’s Ministry of Finance showed that the country’s crude oil imports from Iran dropped 42 percent.
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