Tag Archives: Government

The UAE is the second largest exporter of crude oil to Japan after Saudi Arabia.

Bilateral trade between Canada and Saudi Arabia is worth more than $3 billion a year.

As the row deepens. oil was bound to become the center of attention. albeit briefly.

U.S. sanctions on Iran could push oil prices up to $90 per barrel later this year.

Currently. oil product exports are taxed on the basis of a percentage of the crude oil export duty. which is tied to the price of oil.

Iraq has no option to export Kirkuk crude from the north of the country due to a political dispute with KRG.

Russia exports up to 500.000 b d of oil. products to the U.S.

Many countries. including US allies in Europe as well as China and India oppose the introduction of new sanctions.

In 2017. Japan met 5.3 percent of its oil demand with imports from Middle Eastern nations.

Cancellation of Aramco IPO may lead to international investors questioning Saudi Arabia'.s commitment to reforms.