Tag Archives: Gulf News

China had seen a rapid pace of growth in imports of US crude.

A shutdown in the rigs will put pressure on Nicolas Maduro’s administration.

China is sticking to the opening-up policy and continuing to ease market access.

Saudi Aramco operates a pipeline with a capacity of 5 million barrels a day .

Aramco is a linchpin in the plan to overhaul the Saudi economy by developing new industries and bringing in foreign investors to fuel growth.

The battle for supremacy in large export markets has raged. particularly in Europe and East Asia.

Uncertainty is expected in oil markets in the next three months due to ample supplies as well as Iran’s ability to continue to export despite sanctions by the US administration.

The company is preparing to raise debt in part to pay for the acquisition of a majority stake in domestic petro-chemical group Sabic.

Egypt became a major consumer of the fuel in 2015.

India has already built 5.33 million tons of underground reserves in three locations.