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In 2018. India imported the third-highest volume of crude oil by value after China and the United States.
Read More »India Seeks Better Oil Deal with United States
The 2020 Oil Market is Quickly Turning Ugly
Oil bulls thought 2020 would be their year.
Read More »OPEC Close To Extending Output Cut Deal
OPEC is close to reaching an agreement to extend the production cut deal beyond its current expiry date at the end of June.
Read More »U.S. Total Oil Output Poised To Set New 2019 Record
US oil production keeps accelerating towards new highs. New records are expected both when the final numbers for May emerge and at the end of the year.
Read More »Putin Highlights Differences with Saudis as OPEC Decision Looms
A year ago. in the enduring twilight of one of St. Petersburg’s famous white nights of summer. Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.
Read More »Russia Sees $60 Oil Satisfactory
Due to the production cuts. Russia’s economy is expected to grow by just 1.2 percent in 2019.
Read More »OPEC has Vested Interest in Continued Growth of US
This commitment to a balanced market and a sustainable stability remains our key objective.
Read More »Growing Producer Consensus to Stabilize Market
The Kingdom is closely monitoring recent developments in the oil market.
Read More »OPEC Oil Output Set For Drop Despite Saudi Production Boost
OPEC’s oil production dropped to a 2015 low of 30.17 million bpd in May.
Read More »Downward Momentum Is Building For Oil
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday amid an escalation of geopolitical events
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