Tag Archives: Reuters International News Agency

Iran’s Persian Gulf Star Refinery converts light crude. known as condensate. into gasoline and naphtha.

A jump in LNG supplies contributed significantly to oversupply in the European gas market.

International Brent crude oil futures had yet to trade.

Riyadh projects that its budget deficit will decrease this year to 131 billion riyals.

Russia first joined forces with OPEC to exert more control over international oil prices in late 2016.

Growing U.S. supply and a potential economic slowdown this year could cap oil markets.

Russia has held a decades old gas supply monopoly. dating back to the end of World War II. in Europe.

Russia has been in full compliance with its pledge to gradually cut its oil production.

Aramco is also expanding its refining investments in China.

The U.S. sanctions on Venezuela will limit oil transactions between Venezuela and other countries.