Tag Archives: Reuters International News Agency

Offshore production in federal waters of the U.S. Gulf of Mexico accounts for 17 percent of total U.S. crude output.

The meeting is about the possibility of further oil output regulation.

Saudi Arabia has the capacity to produce 12 million bpd and is currently producing 10.7 million bpd.

India has expressed ``discomfort`` with the high oil prices.

The world’s fifth-largest crude buyer imported 10.8 million tonnes of crude last month.

India wants to keep importing oil from Iran. because Tehran offers some discounts and incentives for Indian buyers.

The United States last year accounted for about 20 percent of China’s total LPG imports.

The Satorp refinery is a joint venture in which Saudi Aramco holds a 62.5 percent stake. while Total holds the other 37.5 percent.

The emotional flashes. comments. tweets. which are coming from the U.S. leadership - they are bringing confusion to the market.

India is discussing its options to buy Iranian oil with all authorities.