Tag Archives: International

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

Exxon and Total are currently exploring off Cyprus.

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.

The U.S. is unlikely to join with China and India. though it should.

Recently. open US pressure on those Europeans who support the project has intensified.

Since July last year crude oil prices have gained 56%.

The statement said the kingdom will coordinate with other producers.

The terms of the agreement reached last month were ambiguous.

Nigerian supply dropped due to loading delays affecting several of the country'.s crude streams.