Tag Archives: Economy

Global oil supplies had already become tight even before the decisions to cut production and embargo the United States.

India is the world’s third-largest consumer of oil.

Crude has retreated more than 5 percent after reaching a four-year high earlier this month.

Iran has sold Rials 422.3 trillion worth of crude oil in the five-month period. up Rials 78.7 trillion on the year.

The IEA cut its estimate for global oil-demand growth for both 2018 and 2019.

Saudi Arabia is the world'.s largest oil exporter.

A large part of the revenues from Turkmenistan'.s sales to China are believed to be used to pay off debt on the pipeline link.

Concern for the environment is a major reason for China'.s increasing imports of gas.

China is not the only country that is opposed to reinstating sanctions on Iran.

Birol has welcomed efforts by top OPEC producer Saudi Arabia to increase output.