Some believe that China’s move aims to keep oil as a bargaining chip for future negotiations on tariffs or Iranian sanctions.
Read More »Egypt`s Concern over Red Sea Security after Houthi Attack
Last month. Saudi Arabia temporarily halted oil shipments through Bab al-Mandab citing security concerns after Yemen’s Houthis attack.
Read More »Merkel and Putin to Hold Meeting on Baltic Sea Gas Pipeline
At last month’s NATO summit in Brussels. President Trump caused a stir by claiming Germany was a ``captive of Russia.``
Read More »Iraq and Petrofac Deal to Build Majnoon Crude-Processing Plant
In June. Royal Dutch Shell exited the Majnoon oilfield in southern Iraq and handed over its operations to the state-run Basra Oil Co.
Read More »Trump-Erdogan Quarrel. Iran Sanctions. Maduro’s Venezuela could Rise Oil Prices
China'.s LNG import volume is soaring as it moves to fulfill growing domestic demand for gas.
Read More »Iran to Export Electricity to Russia via Azerbaijan Armenia
The cut in electricity export to some neighbors this summer was due to the peak demand period.
Read More »Nord Stream 2 Will Bypass Danish Waters
US President Donald Trump last month accused Germany of being a ``captive`` of Russia.
Read More »Russia may Abondon Dollar in Oil Trade
The dollar. which is considered to be the international currency. becomes a risky tool for payments.
Read More »US-Iran Sanctions Give China Lead in World’s Top Gas Field
Total had previously withdrawn from the field in 2009 because of sanctions.
Read More »Venezuelan Oil Production Falling Faster Than Expected
In July. Venezuela’s oil production came in lower than PDVSA had targeted. according to Argus Media.
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