Tag Archives: Market

Aramco has used the average of the Oman and Dubai crude prices assessed by Platts since the 1980s as a benchmark.

Libya’s national oil production fell to 527.000 barrels per day from a high of 1.28 million bpd in February following recent oil port closures.

U.S. crude exports have surged since the nation lifted all restrictions on overseas shipments in late 2015.

According to IEA. Saudi Arabia will use its spare capacity which is predicted by as much as 2 million barrels per day.

U.S. crude oil is not on the list of 545 products the Chinese government has said it would immediately retaliate with in response to American duties.

US oil producers likely to eye Indian market as tariff war with China escalates.

Total Iranian oil and gas exports reached 2.2 million barrels of crude and 330.000 of condensates a day in June.

OPEC and Russia and other producers last month agreed to add 1 million barrels to the market.

Trump’s order to OPEC members to increase production destabilizes the market.

The cooperation deal envisages investments worth at least €3 billion ($3.5 billion) in the Greek market.