Tag Archives: Oil Price

India’s total crude oil imports for FY19 was marginally down to 209.4 million tonne.

EIA data showed the inventories jumped almost 10 million barrels last week.

Iraq has adequate supplies of natural gas but has been flaring gas at increasing rates as oil production climbs.

Several geopolitical factors in the coming months could lead to higher oil prices than the current $71 a barrel Brent.

The company is preparing to raise debt in part to pay for the acquisition of a majority stake in domestic petro-chemical group Sabic.

Environmental lobbyists say the air quality around ports and refineries is among the dirtiest on the planet.

The EIA now sees US crude oil production averaging 12.4 million bpd this year and 13.2 million bpd next year.

Prices will drop in the coming months as demand softens.

The US became the world’s largest crude producer last year.

Riyadh projects that its budget deficit will decrease this year to 131 billion riyals.