Tag Archives: International News Agency

The UAE’s foreign trade with China made up 14.7 per cent of the country’s foreign total trade in 2017.

The total amount of oil Saudi Arabia supplied to the market in June was around 10.579 million bpd.

Trump was trying to intensify tensions between Iran and Saudi Arabia.

The Trans Anatolian Natural Gas Pipeline (TANAP) will support regional trade and improve connectivity.

The US ultimatum has also contributed to upward pressure on world oil prices.

Azerbaijan abandons plans to increase electricity imports from Russia.

Iran has warned it would not accept other producers reaping the benefits by taking its market share.

South Korea’s second largest refiner GS Caltex has bought 4 million barrels of Mars crude in recent months. the sources said.

OPEC and non-OPEC countries decided in late 2016 to cut output by 1.8 million barrels per day to boost oil prices.

Moscow and Riyadh recently announced their desire to pump more oil after a relative hike in prices.