Tag Archives: International

Shell said in 2014 that the project could cost as much as C$40 billion ($31 billion).

Saudi Arabia will continue to increase oil production in order to achieve moderate prices.

Other OPEC countries have been increasing production in recent months.

Exports to India accounted for 21 per cent of Iran’s crude oil outbound shipments in 2017-18.

Markets could still be underestimating the supply crunch from Iran sanctions.

The analysts at Goldman Sachs expect the OPEC producers and Russia to compensate for the drop in Iranian oil supplies.

Russia. a major oil and gas producer. pumps around 11 million barrels of crude per day.

SPR releases are a short-term solution but they do buy some time for OPEC countries to bring additional spare-capacity on line.

India’s refining capacity would increase to about 439 million tonnes per year by the financial year of 2030.

The United States began reimposing economic sanctions this summer.