Tag Archives: Government

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

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

Saudi Arabia has the capacity to produce 12 million bpd and is currently producing 10.7 million bpd.

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.

The Trump administration has called on all buyers of Iranian oil to cut imports to zero.

Iran can export half of its oil but earn like the past.

India wants to keep importing oil from Iran. because Tehran offers some discounts and incentives for Indian buyers.

The BOC-operated fields will add 700.000 bpd to overall production by 2024.

India is Iran'.s top oil client after China.