Tag Archives: Market

Crude oil output in July dropped 2.6 percent on-year to 15.85 million tonnes. or 3.73 million bpd.

Some believe that China’s move aims to keep oil as a bargaining chip for future negotiations on tariffs or Iranian sanctions.

China'.s LNG import volume is soaring as it moves to fulfill growing domestic demand for gas.

Total had previously withdrawn from the field in 2009 because of sanctions.

In July. Venezuela’s oil production came in lower than PDVSA had targeted. according to Argus Media.

Iran’s output was the lowest since April last year at 3.75 million bpd.

The U.S. wants to cut Iran’s oil export.

As oil sanctions against Iran take effect. maintaining global supply might be very challenging.

While EU has taken major steps to liberalize its energy market since the 1990s. Turkey has also initiated the liberalization of its energy sector.

Gas pipelines connecting Russian supply to Europe make further inroads.