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OECD oil inventories as of March stood 22.8 million barrels above the five-year average.
Read More »OPEC+ Should Keep Oil Cuts. Even with Supply Risks Ahead
Putin Prepares to Withdraw Support for Maduro
PDVSA is trying to retool the upgrades to process a simpler form of heavy oil.
Read More »OPEC to Gather in Jeddah amid Regional Tensions and Price Volatility
Saudi Arabia and the UAE had pledged to raise output to offset any outages in the market.
Read More »Iran has Right to Partially Suspend Nuclear Deal Commitments
Iran has the right to partially suspend its commitments under the 2015 nuclear deal.
Read More »Iran Warns Against `Conspiracy by Ill-Wishers` Over `Sabotage` at UAE Port
The suspected attack didn’t lead to any casualties or oil spill.
Read More »Two Saudi Oil Tankers Attacked Near UAE Waters
one of the two Saudi vessels attacked was on its way to be loaded with Saudi crude from Ras Tanura port for delivery to state-owned Saudi Aramco’s customers in the United States.
Read More »US Sanctions could Force Pakistan to Abandon ‘Peace Pipeline’ Project with Iran
Iran has already slammed Pakistan for failing to adhere to the bilateral deal and delays in laying down the pipeline.
Read More »China Piles Iranian Oil Before U.S. Waiver Ended
China increased its purchase of Iranian oil from March to April.
Read More »Saudi`s Big Plans in India
Bilateral trade between Riyadh and New Delhi currently stands at $28 billion.
Read More »US Boosts LNG Supplies to the EU to Reduce Reliance on Russia
The LNG imports will help reduce gas prices.
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