Tag Archives: Reuters International News Agency

North Korea relies on imported fuel to keep its struggling economy functioning.

Sinopec and China National Petroleum Corp (CNPC) among other oil and chemical majors have participated in the trading.

The Trump administration has said there are more than 50 foreign companies that have withdrawn their business from Iran.

South Korea’s crude imports in the first six months of this year were 74.11 million tonnes.

Russia is studying all legal issues related to the possible deal.

It’s unfair to say that OPEC is not doing its part.

Aramco’s net cash flow from operations increased by 21 percent to US$29 billion in 2016.

Libya’s national oil production fell to 527.000 barrels per day from a high of 1.28 million bpd in February following recent oil port closures.

ADNOC has said that it would aim to double its refining capacity in a major push to expand its downstream operations.

Trump’s order to OPEC members to increase production destabilizes the market.