Tag Archives: International Organizations

Libya’s oil exports to China in 2017 totaled $1.7 billion.

The biggest boost to Saudi exports to China comes from contracts inked with new refineries starting up this year and next.

Russia is the key non-OPEC partner in the production cut deal with OPEC.

On Tuesday. the American Petroleum Institute (API) reported an estimated inventory increase of 3.453 million barrels.

Saudi Arabia has been pushing for an OPEC cut. indicating it may reduce supply by 500.000 bpd.

The output from the troika is the fastest-growing element in global oil supplies.

U.S. President Donald Trump pulled out of the accord in May.

The US president first brought the subject up in a meeting with Iraq’s then-leader Haider al-Abadi in March last year.

Aramco said last week it would sign five crude oil supply agreements with Chinese customers.

Goldman Sachs believes that the price of oil and other commodities are set for a rebound next year.