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The US will raise the tariff on $250 billion worth of Chinese imports from 25% to 30% on October 1.
Read More »Crude Oil Futures Fall on Escalating US-China Trade Tensions
OPEC`s Market Share Fall Down
OPEC and its allies have a deal to limit supply until March 2020.
Read More »China`s CNPC Suspends Venezuelan Oil Loading
CNPC will wait for more guidelines from the U.S. Treasury before further moves in dealing with Venezuelan oil.
Read More »Saudi Aramco`s Share in the World`s Fastest Growing Oil Market
Russian exports to India jumped fivefold to 3 million tons in the year ending March 2018.
Read More »Economic Woes Hold Sway Over Geopolitics
While geopolitical tensions in the Middle East Gulf remain high. with US sanctions recently extended to more Iranian officials and a Chinese oil importer. as well as another tanker seizure.
Read More »Oil Demand Growth at Decade Low
Despite a further cut in oil demand growth by the IEA. oil prices are trading marginally higher.
Read More »IEA Cuts Oil Demand Growth Forecasts
OPEC and its allies have agreed to cut production by 1.2 million b d through to the end of the first quarter of 2020.
Read More »Saudi Arabia and US will Counter Maritime Threats in Arabian Gulf
The two side also discussed the oil market conditions and the Kingdom’s keenness to maintain its stabilities.
Read More »Experts Warn about Risks of Oil Price Plunge in 2020
The expert expects the Persian Gulf tensions to persist within a year and a half.
Read More »China Continues Importing Iranian Oil in Defiance of US Sanctions
China has criticized Washington’s use of sanctions against other states.
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