China imports a large amount of oil and gas every year. posing a threat to national energy security.
Read More »OPEC Asks Settlement To Tensions Between US And Iran. Venezuela
Both Iran’s and Venezuela'.s production woes have contributed significantly to the cartel’s over compliance to the group’s production cut quota.
Read More »Aramco Awards $18 Billion in Deals to Boost Capacity. despite OPEC Pledge to Restrict Output
Saudi Arabia. with the world’s biggest reserves of conventional crude. has long drawn on its prolific deposits to help balance global oil markets.
Read More »US. not Iran. Threatens World`s Energy Security
Iran'.s oil minister says the world'.s energy supply is threatened by the United States. not Iran which is a major guarantor of energy stability and peace in the region.
Read More »India Joins the Climate & Clean Air Coalition
The nation plans to work with the Coalition countries on best practices and experiences for effective implementation of its National Clean Air Programme.
Read More »US. not Iran. Threatens World`s Energy Security
The US has turned from a major oil consumer into a major producer.
Read More »Oil Minister Says Hopeful Iran`s Oil Exports will Improve
China is a signatory of the nuclear deal and has condemned Washington’s decision to exit the deal.
Read More »Oil Holds above $57 as Iran Tension Arise Concern over Supply
The oil market is caught in a bind and does not know which way to go or trend.
Read More »Oil Price Volatility is Hurting Russia`s Economy
Russia has budgeted much lower prices than the current ones for 2019.
Read More »Persian Gulf War could Send Oil Prices beyond $325 a Barrel
China and India now account for about a fifth of global strategic reserves.
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