The contract for the production of 6.000 railcars says that the Russian side should provide the financial aspect of the project.
Read More »GCC Condemns Houthi Attack on Saudi Arabia Red Sea Oil Tankers
An estimated 4.8 million barrels per day of crude oil and refined products flowed through the Strait in 2016 towards Europe.
Read More »Oil Rises on US-EU Trade Talks. Red Sea Shipping Suspension
U.S. crude oil inventories last week tumbled more than expected to their lowest level since 2015.
Read More »Iran Plans to Launch National Cryptocurrency
This week. Iran announced that it had developed its first national encrypted key. based on blockchain technology.
Read More »China’s Economic Growth Could Boost Oil Demand
China’s economic growth eased in the second quarter of this year to 6.7 percent.
Read More »Iran Extends Shipping. Insurance Cover to Keep Oil Flowing to India
Iran has started providing ships as well as insurance cover to continue exporting crude oil to India.
Read More »Trump Wishes EU to Become `Massive Buyer of US LNG`
Germany is taking every effort to implement the Russian-European Nord Stream 2 project.
Read More »US and Europe Reach Trade Cease Fire
Juncker was dispatched to Washington this week along with other European officials as part of a last-ditch effort to halt those tariffs.
Read More »Oil Prices Rise after US Crude Inventories Fall
Venezuela’s production collapsed due to a lack of investment and Iranian exports have suffered due to US sanctions.
Read More »U.S. Completes Small-Scale Natural Gas Exports Rule
The final rule is expected to reduce the regulatory burden for additional small-scale LNG projects to come to market.
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