China National Petroleum Corp (CNPC) has frozen its sales of fuels to North Korea, fearing that it will not get paid amidst the pressures to
Category: Oil
China, India and Japan Further Hamper Efforts to Balance Oil Market
China, India, and Japan are further hampering the global efforts to prop up oil prices and restore market balance due to their faltering demand growth,
Market Update: Oil Supply Outpacing Output Next Year
The International Energy Agency (IEA) said that growth in oil supply would outpace an anticipated increase in demand that will bring the global economy above
Market Update: Saudis Contemplating Oil Output Freeze Beyond March 2018
Saudi Energy Minister Khalid al-Falih said that OPEC and other leading non-OPEC producers might need to prolong their output freeze in the future after they
Iran’s Election Result Prophesizes Hot Contracts with International Oil Majors
Thanks to the reelection of Hassan Rouhani, Iran has high hopes to sign huge deals with major oil companies such as Total and Lukoil this
Saudi Arabia to Sign Deals with 12 US Companies During President Trump’s Visit
Saudi Arabia is going to sign contracts with 12 American companies on the upcoming Saturday (20 May) during the official visit of President Donald Trump,
Market Update: Another 9 Months of Oil Production Freeze Approved
Saudi Arabia and non-OPEC Russia have decided to extend production cuts by another 9 months till March 2018 with the aim to tame the global
EU Re-Labels Canada’s Highly Polluting Oil from Sand Tar
The European Union has changed its classification of the fuel, which is good news for Canada’s crude extracted from tar sands – a bigger pollutant
Market Update: Oil Prices Rebound With $50 Once Again Becoming Ceiling
Oil prices rebound from five-month lows, following a week of major losses around the world, as investors are still worried about overflowing crude inventories. Even
The Soviet Legacy: Russia to Secure Cuba’s Energy Needs, Raising US Concerns
Russia has started exporting oil to Cuba for the first time this century to make up for the declining shippings from the crisis-ridden Venezuela. A