Egypt has signed a deal with Cyprus for the construction of a pipeline that will channel gas from the island’s Aphrodite field to facilities in Egypt.
Read More »U.S. President Can’t Live Without OPEC
Saudi Arabia says repeatedly that it won’t balance supply and demand on its own.
Read More »The Importance of Saudi`s Oil for Trump
Iran is OPEC’s third-largest producer. providing more than 2 percent of global oil output.
Read More »US Imposes Sanctions on Russian. Syrian and Iranian Companies
The Russian parliamentarians already announced that Moscow will continue fulfilling its commitments with Syria.
Read More »Trump: Breaking with Saudi Arabia would Send Oil Prices `Through the Roof`
Saudi Arabia and its allies are now considering cutting output by 1 million to 1.4 million barrels per day.
Read More »US Sanctions S. African over N. Korea Ties
The sanction freezes any property or interests of the designated individual within the US or in possession of US citizens.
Read More »Global Stocks Rise despite US-China Trade Dispute
APEC meeting provides once again that the two sides remain far from any agreement on trade.
Read More »US has Failed to Stop Iran`s Oil Exports
The US is now pumping an unprecedented 11.6 million barrel per day (bpd) of oil.
Read More »Cutting Saudi`s Oil Exports to U.S. will Boost Crude Prices
Reduced Saudi oil imports tend to reflect in lower weekly U.S. inventories.
Read More »U.S. Tries to Oppose China with PNG Electricity Grid
The United States has been increasingly critical of China-backed infrastructure projects.
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