Tag Archives: International News Agency

Saudi Aramco. the world’s biggest oil exporter. dipped a toe into the natural gas business by selling its first cargo of the fuel.

South Korea is sending a delegation to the United States to seek an extension of waivers which Washington ended on Monday with the aim of bringing Iran’s oil exports to zero.

The US decision to end waivers for purchase of crude oil from Iran will not impact the Chabahar port project being developed by India. a US State Department official has told PTI news agency.

Tehran has lashed out at Saudi Arabia and Bahrain for supporting Washington’s termination of sanctions waivers for major Iranian crude buyers. saying the Islamic Republic would allow no country to replace it in the oil market.

Donald Trump is betting that Saudi Arabia and other OPEC members make up for the shortfall.

Saudi Arabia’s April crude oil production was nearly steady with previous months.

Supplies of oil and refined products to the Polish market will be maintained from stockpiles until the situation is resolved.

IEA expects Iraq to add 1.2 million bpd in 10 years to reach 6 million bpd of production in 2030.

OPEC is set to meet on June 25 in Vienna to discuss extending the agreement to cut output by 1.2 million b d beyond the end of June.

The U.S. move increase the risk of conflict in the Middle East.