Tag Archives: Reuters International News Agency

The world’s top oil exporter is boosting its output of the natural gas.

China and the United States have implemented several rounds of tit-for-tat tariffs on each others goods.

Algeria has signed a nine-year deal to supply Spain with nine billion cubic meters (bcm) of gas per year.

In Japan. official data on Thursday showed a slowdown in export growth as well as a decline in crude oil imports.

Iraq exported 3.543 million bpd of crude oil in July.

The JMMC is chaired by Saudi Arabia and is due to meet next on Sept. 23 in Algeria.

Crude oil output in July dropped 2.6 percent on-year to 15.85 million tonnes. or 3.73 million bpd.

The move is in line with a transformational strategy pushed by Sinochem chairman Ning Gaoning to zero in on core assets.

Last month. Saudi Arabia temporarily halted oil shipments through Bab al-Mandab citing security concerns after Yemen’s Houthis attack.

In June. Royal Dutch Shell exited the Majnoon oilfield in southern Iraq and handed over its operations to the state-run Basra Oil Co.