Tag Archives: United States of America

Producers’ unwillingness to raise spending despite higher oil prices also is taking a toll.

India. the world’s third-biggest oil consumer. meets more than 80 per cent of its oil needs through imports.

The German government said last week it continues to regard the Nord Stream 2 pipeline as a useful project.

Offshore production in federal waters of the U.S. Gulf of Mexico accounts for 17 percent of total U.S. crude output.

Crude has retreated more than 5 percent after reaching a four-year high earlier this month.

Iran has sold Rials 422.3 trillion worth of crude oil in the five-month period. up Rials 78.7 trillion on the year.

The stock market in Saudi Arabia plunged on Sunday. and analysts believe oil could be the next to be affected.

Saudi Arabia is the world'.s largest oil exporter.

In the same period last year. rig count stood at 743 rigs. which shows the continuous rise in American crude production.

China is not the only country that is opposed to reinstating sanctions on Iran.