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North Korea relies on imported fuel to keep its struggling economy functioning.
Read More »Russia Supplies North Korea with Oil Products
China`s Shanghai Exchange Launches New Fuel Oil Contract
Sinopec and China National Petroleum Corp (CNPC) among other oil and chemical majors have participated in the trading.
Read More »Mnuchin: U.S. will Consider some Waivers on Iran Sanctions
The Trump administration has said there are more than 50 foreign companies that have withdrawn their business from Iran.
Read More »S.Korea`s June Crude Oil Imports Drop Lowest since Jan 2015
South Korea’s crude imports in the first six months of this year were 74.11 million tonnes.
Read More »Russia Studying Possible Oil-for-Goods Deal with Iran
Russia is studying all legal issues related to the possible deal.
Read More »OPEC is Doing Best to Supply Market
It’s unfair to say that OPEC is not doing its part.
Read More »Aramco More Flexible To Oil Price Slump
Aramco’s net cash flow from operations increased by 21 percent to US$29 billion in 2016.
Read More »Oil Prices Rise as Looming Norway Strike Adds to Disruptions
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.
Read More »CNPC. ADNOC to Sign Exploration. Refining Deal
ADNOC has said that it would aim to double its refining capacity in a major push to expand its downstream operations.
Read More »Iran`s Oil Minister Hits Back at Trump over Production Demands
Trump’s order to OPEC members to increase production destabilizes the market.
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