Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati lauded the new coordinating structures harmonizing interactions between CBI and relevant ministries of the country as the ground for 69% increase in imports of basic goods in the past 5 months
Read More »Local Government Association Declares Official Climate Emergency
The organisation. which represents local government across England and Wales has said drastic action must be taken to avoid runaway global warming and climate breakdown.
Read More »Oil Demand Growth at Decade Low
Despite a further cut in oil demand growth by the IEA. oil prices are trading marginally higher.
Read More »China Might Not Buy American Oil
U.S. crude oil exports in total are up nearly 50% over a 12 month period.
Read More »US-China Trade War. Tensions in Persian Gulf Weaken Demand for Oil
The IEA said tensions in the Persian Gulf. where some oil tankers have been attacked. have heightened concerns.
Read More »The Mideast has Oil. China has Rare Earths
China accounts for 85 percent of the world’s production of rare earths.
Read More »Libya Restarts Production at El Sharara Oil Field
The field produces about 290.000 barrels per day (bbl d). accounting for a quarter of Libya’s oil production.
Read More »Iraq Close to Replacing Exxon Mobil with BP and Eni
Three of the oil officials said Exxon had costed the project at higher than Hyundai’s $2.4 billion.
Read More »US-China Trade War Weakening Demand for Oil
The trade war is worsening a downturn in global growth.
Read More »IEA Cuts Oil Demand Growth Forecasts
OPEC and its allies have agreed to cut production by 1.2 million b d through to the end of the first quarter of 2020.
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