Tag Archives: Oil Price

Reduced Saudi oil imports tend to reflect in lower weekly U.S. inventories.

Saudi Arabia’s in a more precarious position for this upcoming OPEC meeting.

Other Chinese oil companies are also gearing up for the winter season.

Rosneft will work on increasing its market share if oil prices drop.

Gazprom Neft could partner with Mubadala. Adnoc and other companies in the development of oil and gas reserves.

OPEC member Venezuela last year produced more than 2 million bpd.

Vitol has now revised down its oil demand growth forecast for next year to 1.3 million bpd.

Saudi Arabia is the only producer with significant spare capacity around 2 million bpd.

If New Delhi drops its oil imports from Tehran to zero. it will need to import more from other partners.

Producers have already done a lot to ensure the market is well supplied.