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Crude has retreated more than 5 percent after reaching a four-year high earlier this month.
Read More »Oil Rises as Saudi Arabia Threatened to Retaliate any Sanctions
Iran Plays Down Impact on Economy from US Sanctions amid Rising Oil Prices
Iran has sold Rials 422.3 trillion worth of crude oil in the five-month period. up Rials 78.7 trillion on the year.
Read More »Missing Saudi Journalist Is Creating Major Worries around the Oil Market
The stock market in Saudi Arabia plunged on Sunday. and analysts believe oil could be the next to be affected.
Read More »IEA Cuts Oil Demand Forecasts. Expects Prices Staying High
The IEA cut its estimate for global oil-demand growth for both 2018 and 2019.
Read More »Saudi Arabia to Throttle down the World`s Oil Supply it Threatened
Saudi Arabia is the world'.s largest oil exporter.
Read More »Saudi Oil Output Rise will Meet India`s Demand
Saudi Arabia has the capacity to produce 12 million bpd and is currently producing 10.7 million bpd.
Read More »Current oil Market Forces are out of OPEC`s Control
India has expressed ``discomfort`` with the high oil prices.
Read More »South Korea Imports Zero Oil from Iran in September
The world’s fifth-largest crude buyer imported 10.8 million tonnes of crude last month.
Read More »China Turns Its Back on US Oil
China is not the only country that is opposed to reinstating sanctions on Iran.
Read More »Saudi Arabia Cannot Replace Iranian Oil in the Market
The Trump administration has called on all buyers of Iranian oil to cut imports to zero.
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