Saudi Arabia lifted output by 70.000 bpd to 10.42 MMbpd last month.
Read More »U.S. not Able to Bring Iran`s Oil Export to Zero
The US is attempting to bring Iran’s oil sales to zero by imposing banking and transportation restrictions.
Read More »China’s Natural Gas Appetite
PetroChina’s domestic crude oil production dropped by 1.3 percent in the first half of 2018.
Read More »Oil Markets Lower amid Mixed Price Signals
OPEC and its allies agreed in late 2016 to cut output from 2017 by around 1.8 million barrels per day (bpd) versus October 2016 levels.
Read More »US Sanctions on Iran. Trade Disputes Brings Political Risk to Oil Markets
The US'.s growing trade dispute with China and spats with other trading partners are likely to dampen demand growth.
Read More »Gulf Exporters Benefit as Battle for Asia Market Share Heats Up
A tariff war between China and the US may damage global trade but could benefit Gulf oil exports.
Read More »How U.S. Shale Could Stop A Global Oil Supply Crisis?
Short-cycle U.S. shale production is growing and will grow next year too.
Read More »US-Iran Sanctions Give China Lead in World’s Top Gas Field
Total had previously withdrawn from the field in 2009 because of sanctions.
Read More »U.S. China Trade Dispute Affects Oil Price
Iran’s output was the lowest since April last year at 3.75 million bpd.
Read More »Challenging Situation of Global Oil Supply
As oil sanctions against Iran take effect. maintaining global supply might be very challenging.
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