Tag Archives: International News Agency

The first crude carrier supplying the refinery should arrive in December or January.

Producers’ unwillingness to raise spending despite higher oil prices also is taking a toll.

Global oil supplies had already become tight even before the decisions to cut production and embargo the United States.

Members of OPEC and non-OPEC countries participating in a supply-reduction agreement are on course to reach 100 percent compliance.

Saudi Arabia is India’s second largest oil supplier after Iraq.

Global oil demand is expected to increase by 14.5 million bpd from 2017 to 111.7 million bpd in 2040.

The German government said last week it continues to regard the Nord Stream 2 pipeline as a useful project.

India is the world’s third-largest consumer of oil.

Offshore production in federal waters of the U.S. Gulf of Mexico accounts for 17 percent of total U.S. crude output.

Iran has sold Rials 422.3 trillion worth of crude oil in the five-month period. up Rials 78.7 trillion on the year.