The dearth of information is a headache for OPEC and allies led by Russia.
Read More »Saudi`s Big Plans in India
Bilateral trade between Riyadh and New Delhi currently stands at $28 billion.
Read More »US Boosts LNG Supplies to the EU to Reduce Reliance on Russia
The LNG imports will help reduce gas prices.
Read More »Iran Hasn’t Cut Offshore Oil Output and Halted Exports
A tender to raise production at the Forouzan oil field will be finalised by the end of June.
Read More »China Unlikely to Follow US Oil Sanctions on Iran
China is Iran'.s biggest oil customer. importing about 22 million tons of crude oil from Iran in 2018.
Read More »Trump Wants Cheap Oil. but ‘Saudis Need Higher Prices’
Saudi Arabia’s fiscal break-even could be as high as $95 per barrel this year.
Read More »China and India to Form New Bargaining Bloc for Oil Imports
The alliance between the two Asian countries is likely to bode well for other Asian oil importers too.
Read More »Saudi Taqa has Purchased Schlumberger`s Middle Eastern Drilling Business for $1.2 Billion
Taqa plans to use about $800 million of its own funds for the planned acquisitions.
Read More »No Country Allowed to Export Oil if Iran`s Oil Exports from Strait of Hormoz Halted
Armed forces of the country are responsible for maintaining security of Strait of Hormuz.
Read More »US Oil Embargo will See Venezuela Turn to China. Russia
Venezuela had its eyes on India to try to make up its shortfall.
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