Tag Archives: Exchange

A decision on what to do rests in the hands of Crown Prince Mohammed bin Salman.

OPEC and Russia and other producers last month agreed to add 1 million barrels to the market.

Government working to negotiate with Trump administration to maintain relations with Iran.

The UAE’s foreign trade with China made up 14.7 per cent of the country’s foreign total trade in 2017.

The world’s third largest crude oil supplier currently produces about 10 million bpd and has the capacity to produce 12 million bpd.

Iran is OPEC'.s second-largest crude exporter with more than 2 million barrels a day.

Since July last year crude oil prices have gained 56%.

In China'.s case. the Iranian crude oil is essential.

The new pipeline will double Russia’s export capacity of 55 billion cubic metres to Germany.

The request to halt Japanese imports signals a tougher stance than in 2012.