Tag Archives: Oil Supply

From Russia to Saudi Arabia. Iran to Venezuela. the list of crude oil supplies being curtailed or disrupted around the world is growing longer by the month.

China is mobilizing its vast state-run energy industry to prepare for an economic tussle with the U.S. that could escalate further and might last for years.

Russian oil production continues to trend lower in May as exports via the Druzhba oil pipeline have been restricted due to a contamination issue.

Indian New govt plans to hold talks with Iran at the earliest to discuss ways to resume oil imports and is even looking to pay in Indian currency. ThePrint reported on Tuesday.

There is great anxiety in the market today mainly related to supply concerns.

Iran'.s partial suspension of its obligations under the nuclear deal was triggered by the United States'. withdrawal from the agreement in May 2018.

Iranian Oil Minister Bijan Namdar Zanganeh said that the Supreme National Security Council (SNSC) has tasked the Foreign Ministry with holding talks with European countries on Tehran’s oil exports to the bloc.

Tensions in the Middle East continue to risk secure supply of oil from the region to the global market.

India is Iran’s second largest oil customer after China.

Saudi Arabia and the UAE had pledged to raise output to offset any outages in the market.