Tag Archives: Reuters International News Agency

Ministers from countries including Kuwait. Venezuela. Algeria. Saudi Arabia. Russia and Oman will discuss production caps on Nigeria and Libya.

A rebalancing of the oil market is progressing more slowly than expected. but it will speed up in the second half of the year.

Shinzo Abe backs away from huge listing. but adviser flags '.cooperation in new industries'..

Saudi Arabia and its OPEC and non-OPEC allies are keen to demonstrate to a skeptical market that output cuts are finally drawing down bloated stocks.

A total of 40 floating import terminal projects exist in varying stages of development across the globe.

India'.s state refiners have cut oil import plans from Iran by a quarter in the year to March 2018.

OPEC members Libya and Nigeria have boosted production since they were exempted from an OPEC-led deal to cut output. weighing on global prices.

OPEC’s largest producer. Saudi Arabia. also hopes to enter public markets in the future.

The city is expected to add 22.5 billion riyals ($6 billion) to gross domestic product (GDP) each year and create thousands of jobs.

The KNOC data is considered the industry standard for South Korea'.s oil imports.