Tag Archives: Oil Market

In the latest round of levies. China said it would impose additional tariffs of 25 percent on $16 billion worth of U.S. imports.

The United States hasn'.t been able to persuade China—Iran’s biggest oil customer—to reduce Iranian oil purchases.

A rise in crude prices triggered by supply uncertainties could dampen demand for oil.

The two leading non-OECD oil markets. China and India. both remain on course to grow solidly this year.

U.S. sanctions on Iran could push oil prices up to $90 per barrel later this year.

Many countries. including US allies in Europe as well as China and India oppose the introduction of new sanctions.

Sales rose in the second quarter to 84.4 billion reais. more than the 83.12 billion-real estimate of six analysts compiled by Bloomberg.

The domestic price of oil used for electricity generation and desalination is highly subsidized.

The oil market has been speculating about how much of Iran’s exports could be eroded by the U.S. sanctions.

Russia has used stocks held in tanks at its oilfields to boost production.