Tag Archives: Oil Market

Attracting investments to the energy sector which would benefit both the producers and consumers. and the Kingdom’s leading role in maintaining market balance.

Shipping insurance has climbed following multiple rounds of seizures and tanker attacks earlier this year.

IEA countries hold 1.55 billion barrels of public emergency oil stocks.

Slowing oil demand growth and a persistent global glut will cap oil prices and keep them from rising too much.

Iran is exempt from an agreement between major global oil exporters to maintain cuts of 1.2 million bpd until March 2020.

The extension of the OPEC+ cuts through the first quarter of 2020 removes a major uncertainty.

China is a signatory of the nuclear deal and has condemned Washington’s decision to exit the deal.

The oil market is caught in a bind and does not know which way to go or trend.

It looks like the cartel aims for higher oil prices now and will think of regaining market share later.

The US State Department is seriously considering using an Obama-era loophole to allow China to import oil from Iran. violating the Trump administration’s earlier pledge to bring Iranian oil exports down to zero. according to a report.