The US is trying to prevent a flux of Iranian oil on the market.
Read More »China Looks Beyond the Middle East for Its Crude Oil Fix
The Middle East accounted for just under half of China’s crude oil imports in 2016.
Read More »UAE Pledges to Cut Oil Output by 10%
Decision by ADNOC is attempt to meet the country'.s latest OPEC commitments.
Read More »Iran Will Export Gas to Basra Soon
Iran (34 trillion cubic meters) and Russia (32.6 tcm) hold the largest proven gas reserves.
Read More »There is No Coordination Between Kurdistan. Iraq in Energy Sector
Over 250.000 barrels of oil are exported out of Kirkuk per day.
Read More »OPEC Oil Price Rises
The price for October futures of West Texas Intermediate (WTI) dropped by 0.98 percent and stood at $47.40 per barrel.
Read More »Saudi Sprint in China Oil Race Shows Where Priorities Lie
The world’s largest oil exporter shipped almost 4 million tonnes of crude to China in July.
Read More »Increase of Iran`s Non-Oil Export to Qatar
A large number of Iranian traders started to ship food to Qatar following the political crisis.
Read More »Iran to Build 2nd Phase of Major Petrochemical Complex in Southwestern Province
Iran'.s petrochemical plants produced 18 million tons of products in the first 4 months of the current Iranian calendar year.
Read More »Saudis Keen to Compete for Market Share in China. Asia’s Biggest Oil Consumer
Saudi Arabia has moved back up a notch in the race to supply oil to China and compete for market share in Asia’s biggest crude consumer.
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