Aramco signed five new crude oil supply agreements with five Chinese customers in Shanghai in early November.
Read More »Washington Tries to Reduce the Power of Oil Cartel
US President Donald Trump has repeatedly blamed OPEC for rising oil prices.
Read More »Indian Oil Corp to Buy 180.000 bpd Iranian Oil in 2018 19
The company has a deal to buy 180.000 barrels per day (bpd)Iranian oil this fiscal year.
Read More »Baghdad to Increase Kirkuk Oil Export to Turkey`s Ceyhan Port
Relations between the Iraqi government and the KRG had been strained since September 2017.
Read More »Goldman Sachs: Oil Supply Crunch Looming
The oil market could tip into a shortage in the 2020s because ``nobody is allowed to fully invest in future oil production.
Read More »OPEC. Allies will Address Oil Price Slump at Vienna Meeting
OPEC and 10 non-OPEC partners. led by Russia. will meet December 6-7 to decide on output policy.
Read More »The Importance of Saudi`s Oil for Trump
Iran is OPEC’s third-largest producer. providing more than 2 percent of global oil output.
Read More »Libyan Oil Output could have Stabilizing Effect on Markets
Libya has northern Africa'.s largest proven reserves of oil - at 48 billion barrels.
Read More »U.S. Sanction Waivers Increase China’s Demand for Iranian Oil
China’s total crude oil imports in October hit a record-high.
Read More »US Imposes Sanctions on Russian. Syrian and Iranian Companies
The Russian parliamentarians already announced that Moscow will continue fulfilling its commitments with Syria.
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