Tag Archives: International

Last month. 29 percent of the new car sales in the country were EVs. with Tesla deliveries soaring.

Russian oil production has been steady. at around 10.9 million bpd due to a global pact to reduce total production by around 1.8 million bpd to support weak oil prices.

Twenty-five more projects in various economic sectors are currently being studied. Russian Minister of Energy Alexander Novak said.

OPEC ministers attending the Moscow event said they were considering extending the deal or making a deeper cut.

In Greece. Hellenic Petroleum declared force majeure on its 100.000-bpd Elefsina refinery in July. suspending diesel exports.

For the purposes of the memorandum. LUKOIL-Engineering and NIOC will set up exchange of data necessary to study the areas. and establish a joint working group.

The production growth from non-OPEC countries is still there so I do not expect a price rise in the near future.

Iran’s Oil Minister Bijan Zanganeh told Reuters at the event that there is ``no objection`` to the proposal for deeper cuts.

The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.

PDVSA owes some US$3.5 billion to the U.S. in the next five or six weeks. according to Platts.