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OPEC agreed in June to boost supply to make up for the expected disruption to Iranian exports.
Read More »Oil Rises on Looming Iran Sanctions
Falling Supplies Tighten Oil Markets
Oil prices have been rising in recent months following the decision of the US president to reimpose sanctions on Iran.
Read More »Saudi Aramco Acquires Major Stake in Chinese Refinery
Since 2006 to date. no one delivered more oil to China than Saudi Aramco.
Read More »OPEC. Allies Struggle To Add Pledged Barrels to the Market
Top exporter Saudi Arabia pumped most of the extra oil. raising output by 524.000 bpd in September compared to May.
Read More »Saudi Aramco will Invest in Refinery-Petrochemical Project in East China
The first crude carrier supplying the refinery should arrive in December or January.
Read More »OPEC Urges Producers to Increase Oil Capacities
Members of OPEC and non-OPEC countries participating in a supply-reduction agreement are on course to reach 100 percent compliance.
Read More »Missing Saudi Journalist Is Creating Major Worries around the Oil Market
The stock market in Saudi Arabia plunged on Sunday. and analysts believe oil could be the next to be affected.
Read More »Saudi Arabia to Throttle down the World`s Oil Supply it Threatened
Saudi Arabia is the world'.s largest oil exporter.
Read More »Russia Can’t Offset Iranian Oil Supply Loss to Asia
In Europe. Russia’s Urals is considered to be one of the best replacements for Iranian grades.
Read More »OPEC. Russia will Discuss All Possible Production Scenarios
Russia has already reversed most of its own production cuts as part of the deal.
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