Tag Archives: Market

OPEC members agreed in November to cut production by 1.2 million barrels per day for six months.

India'.s main crude suppliers. Saudi Arabia and Iraq. cut exports to India this year due to production curbs.

An extension of the OPEC agreement will not be enough to raise global oil prices significantly.

Singapore serves as Asia'.s oil hub and is one of the world'.s top three export refining centers.

Russia said it supports a suggestion from Saudi Arabia that OPEC and its allies extend their oil output cuts into next year.

Iran will continue to rank first to third among main energy players in the world.

The sanctions removal in January 2016 revived the incapacitated oil sector.

Itochu is willing to expand business in the Iranian market. including investments in petrochemical projects.

Global crude inventories have not fallen as fast as OPEC or the hedge funds anticipated.

Saudi Energy Minister Khalid al-Falih said on Monday the OPEC-led production cut could be extended beyond 2017.