The new data has showed that Iran’s accelerating oil production has stalled in the past quarter as the country is struggling to meet its objectives
Tag: Saudi Arabia
Saudi Arabia and Russia Team Up to Help World’s Oil Markets
Saudi Arabia and Russia seized the opportunity given by a G20 summit and agreed that they would cooperate in global oil markets in the future.
Saudis Pondering an Output Freeze
Saudi Arabia is considering offloading a stake in the state-run producer Aramco after two years of an oil price war. This change comes as OPEC
Saudi Arabia Again China’s Number One Crude Exporter
Saudi Arabia has regained its position of China’s number one oil supplier after having been defeated by Russia in the second quarter of this year.
Iran Sends its First Oil to China’s Teapots
According to trade sources, the battle among oil suppliers to satisfy the rising demand for imports from China’s independent refiners is being heated by the
Venezuela Ships Oil to Singapore
Venezuela, which is currently in a deep political and economic crisis, has sent two fully-laden large crude carriers heading to Singapore. The vessels – the
Major Shift in the Oil Market: Russia Becomes China’s Top Crude Supplier
Russia overtook Saudi Arabia as China’s largest oil supplier in May, which marked the third consecutive month that Moscow has beat out Riyadh as the
OPEC Fails to Agree on New Output Ceiling
OPEC did not manage to agree on a straightforward production strategy yesterday (2 June) as Iran insisted on boosting its own output despite the fact
Iraq Boosts Oil Output Before OPEC Meeting
Iraq is going to supply extra 5 million barrels of oil to its trade partners in June, thus effectively joining other Middle East producers by
Battling for Market Share: Saudi Arabia Wants Asia Buy More Oil
Ahead of the first OPEC meeting under the new Saudi oil minister, the Gulf Kingdom is offering extra crude to its Asian customers, a sign