Tag Archives: Trade

The OPEC remains positive on the overall oil demand.

Last month. Saudi Arabia temporarily halted oil shipments through Bab al-Mandab citing security concerns after Yemen’s Houthis attack.

China'.s LNG import volume is soaring as it moves to fulfill growing domestic demand for gas.

The dollar. which is considered to be the international currency. becomes a risky tool for payments.

Total had previously withdrawn from the field in 2009 because of sanctions.

Iran’s output was the lowest since April last year at 3.75 million bpd.

As oil sanctions against Iran take effect. maintaining global supply might be very challenging.

While EU has taken major steps to liberalize its energy market since the 1990s. Turkey has also initiated the liberalization of its energy sector.

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

The UAE is the second largest exporter of crude oil to Japan after Saudi Arabia.