Tag Archives: Kuwait

Saudi Arabia held onto its spot as South Korea'.s top oil supplier for both March and the full quarter.

The price for June futures of West Texas Intermediate (WTI) has grown by 0.58 percent and stood at $49.91 per barrel.

Growth in Saudi Arabia. the region’s largest economy. is expected to slow to 0.4% this year.

Most countries want OPEC'.s decision to be extended

Asia'.s fourth-largest economy brought in 12.68 million tons of crude oil in March this year.

EIA’s forecast for 2018. in contrast. increased compared to the previous outlook. when it was at 40.2 million barrels per day.

The price of OPEC basket of 13 crudes stood at $53.13 a barrel on Apr. 10 compared to $52.91 on Apr. 7.

Oil prices are rising on April 7.

NIDC has 75 drilling rigs. 68 of which are being used in the joint oilfields. namely South Azadegan.

Russia’s Energy Minister Alexander Novak said last week that it is too early to talk about an extension.