Indian Oil Corp (IOC), the country’s major refining company, has finalized its first annual deal to buy US oil, paying about $1.5 billion for 60,000
Category: Asia
Geopolitics of Energy: Iranian Crude Exports Put to Zero
All countries that were given waivers from the United States to continue buying Iranian crude are nevertheless complying with American sanctions, Tehran said and added
Israel’s ICL Signs Fresh Contracts with China
Israel Chemicals (ICL) has signed new potash deals with its Chinese consumers covering about 905,000 tons of crop nutrients with an option to boost supply
Geopolitics of Energy: Saudi Arabia Acting as Oil ‘Shock Absorber’ for India
Oil prices went up earlier this week in response to the anticipating fall in in Iran’s oil exports ahead of the US sanctions. Tehran has
Energy Geopolitics: India Hoping for US Waiver to Buy Iranian Oil
The United States is debating giving waivers for Iranian oil customers such as India that will be eventually forced to stop their imports as the
Tit-for-Tat Trade War: China Set to Impose Retaliatory Tariffs on US Fertilizer
China intends to impose duties on US shipments of some types of fertilizer as part of the ongoing trade war between the two countries. The
Fertilizer Update: Brunei Selling its Share in Jordan’s Phosphate Company
Brunei, the largest shareholder in Jordan Phosphate Mines Company (JPMC), is selling its 37 percent stake to India’s two biggest fertilizer companies – Indian Potash
London Rehearsing for Post-EU Future: Securing Korean Buyers for UK Oil
Britain and South Korea are discussing the protection of tax exceptions for Korean customers of North Sea oil after the UK leaves the European Union.
Chinese & Brazilian Oil Giants Team Up in an Investment-Oil Exchange
Brazilian state-run oil company Petrobras is close to finalizing a deal in which China National Petroleum Corp Ltd (CNPC) would make an investment in an
Market Update: China-US Tariff War to Negatively Impact Global Oil Consumption
The world’s oil consumption could be negatively affected by the escalating trade dispute between the United States and China, the International Energy Agency (IEA) cautioned