Tag Archives: The National

Not a single tanker has loaded crude oil from the United States bound for China since the start of August.

China earlier this year introduced the petroyuan as an alternative to the US dollar-dominated oil industry .

The JV will own and operate gasification assets. power block and other facilities at Jazan Economic City in the kingdom.

The deal includes building a 3.000-megawatt plant in Saudi Arabia.

An estimated 4.8 million barrels per day of crude oil and refined products flowed through the Strait in 2016 towards Europe.

Oil producer has alternative channels to transport crude to its customers in Europe.

All oil shipments passing through Bab Al-Mandab Strait have been suspended temporarily until navigation through the area is secure

India is Iran’s top oil client. and it is also one of the countries that are most heavily dependent on oil imports.

Economy to grow 1.9% in 2018. boosted by economic reforms and oil output increases.

The cash from the IPO would have given the Saudi sovereign wealth fund fire-power for fresh deals.