Tag Archives: Persian Gulf Countries

The OPEC remains positive on the overall oil demand.

The world will need 32.05 million barrels per day (bpd) of crude from its 15 members in 2019.

The JV will own and operate gasification assets. power block and other facilities at Jazan Economic City in the kingdom.

The UAE is the second largest exporter of crude oil to Japan after Saudi Arabia.

The UAE played a behind-the-scenes role in helping Ethiopia and Eritrea end a two-decade state of war last month.

Qatar aims to boost its LNG export capacity from the current 77 million tons to 100 million tons annually by 2024.

In the short term. supply is not seriously impacted. given that Saudi Arabia. Russia ramped up their oil production.

Bilateral trade between Canada and Saudi Arabia is worth more than $3 billion a year.

As the row deepens. oil was bound to become the center of attention. albeit briefly.

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