Tag Archives: Oil Market

A tariff war between China and the US may damage global trade but could benefit Gulf oil exports.

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

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.

The JMMC is chaired by Saudi Arabia and is due to meet next on Sept. 23 in Algeria.

Total had previously withdrawn from the field in 2009 because of sanctions.

In July. Venezuela’s oil production came in lower than PDVSA had targeted. according to Argus Media.

Iran’s output was the lowest since April last year at 3.75 million bpd.

The U.S. wants to cut Iran’s oil export.

As oil sanctions against Iran take effect. maintaining global supply might be very challenging.