Tag Archives: The Star Online

Average US exports of oil products have risen 7% so far this year.

Aramco said last week it would sign five crude oil supply agreements with Chinese customers.

The United States will remain a key part of the Saudi economy.

The planned listing of the world'.s biggest oil producer was to be the cornerstone of the kingdom'.s promised economic overhaul.

The U.A.E. is committed to abiding by the sanctions and will look for condensate supplies from countries other than Iran.

Brent was pushed up by the looming sanctions against Iran. which will start targeting its oil sector from Nov. 4.

The U.S.-China trade tension restricts oil from rising further.

Refinery operations are set to begin in 2019. with petrochemical operations to follow six to 12 months later.

RAPID will contain a 300.000-bpd refinery and a petrochemical complex with a capacity of 7.7 million tonnes a year.

In the latest round of levies. China said it would impose additional tariffs of 25 percent on $16 billion worth of U.S. imports.