Tag Archives: North America

Short-cycle U.S. shale production is growing and will grow next year too.

Among the major oil and gas-producing states. Texas saw the largest gain with an increase of 3 units to a total of 525 rigs working.

China imports more than one-quarter of Iran’s oil.

Oil sanction is part of Trump'.s plan to pressure Iran to give more concessions than what were agreed upon in the JCPOA.

China and the United States have implemented several rounds of tit-for-tat tariffs on each others goods.

In Japan. official data on Thursday showed a slowdown in export growth as well as a decline in crude oil imports.

Not a single tanker has loaded crude oil from the United States bound for China since the start of August.

The Iranian Oil Ministry called the US efforts to cut Iran oil exports a futile attempt.

Much will depend on the European Union. which has vowed to resist US sanctions on Iran.

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