Saudi Arabia pledged in June to increase its crude oil production to help rein in prices.
Read More »Oil Hits Four-Year Peak after OPEC+ Shows No Sign of Turning on the Taps
The United States will target Iran’s oil exports with sanctions from Nov. 4.
Read More »Iran: OPEC Meeting was Negative Response to Trump
The U.S. seeks to reduce Iranian oil exports to zero even for a month.
Read More »Global Market Tighten could Rise Oil to $100 by 2019
The threats of disruption as well as the early supply cuts have helped to lift Brent crude futures to nearly $80 a barrel this month.
Read More »Scottish tidal firm to sit down with G7 ministers
An Edinburgh-based tidal energy firm will sit down with G7 ministers today to discuss the future of the offshore renewable energy sector.
Read More »Saudi ATC Expects Increase in Oil Trade Volume in 2020
ATC was set up in 2012 to market refined products. base oils and bulk petrochemicals.
Read More »Russia Ready to Finance Nord Stream 2 in Event of US Sanctions
The project has acquired full authorization for construction and operation from Germany. Finland and Sweden.
Read More »World Oil Demand. Refining Growth will Peak in 2035
Unipec is the trading arm of Asia’s largest refiner Sinopec.
Read More »Ukrainian Warns Europe against Russia`s Gas Blackmail
Earlier. Putin announced Russia'.s readiness to fund Nord Stream 2 in the event of the U.S. sanctions.
Read More »Japanese Refiners Stop Buying Iran Crude ahead of Sanctions
The last time Iran was the subject of sanctions. Japan curbed its imports of Iranian crude.
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