Iran Ready To Join OPEC’s Production Cut Extension
Iran, which has been exempted from the OPEC oil production cut agreement closed last November, is now ready to join the initiative as long as there is consensus among the Continue Reading
Banned at sea: Venezuela’s crude-stained oil tankers
In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can’t Continue Reading
Saudi’s Falih says too soon to discuss extending oil output pact: Arabiya TV
The level of compliance among OPEC and non-OPEC oil producers with a global deal to cut output is very good, above 100 percent, but it is premature to talk about Continue Reading
Saudi Wealth Fund to Get Airports in Step Toward Privatization
Operators will become companies before handover to state fund Government seeking to sell assets amid depressed crude prices Saudi Arabia will transfer airports to its sovereign wealth fund by mid-2018, Continue Reading
Russia interested in oil and gas opportunities in Senegal
Russia has an opportunity to foster a better trade relationship with Senegal, an emerging West African oil producer, the Russian foreign minister said. Russian Foreign Minister Sergei Lavrov hosted his Continue Reading
After years of soaring growth, Asia’s fuel demand falters
After years of often explosive growth, fuel consumption in Asia’s biggest economies is stuttering, undermining efforts led by the Organization of the Petroleum Exporting Countries (OPEC) to end a global Continue Reading
Population Threat to India’s economy
As of Thursday, April 13, 2017, India’s population, based on the latest United Nations estimates, was 1,339,040,095, only some 47 million more than China’s total population on that day. The Continue Reading
Chinese economy growing while oil production shrinks
China reports better-than-expected economic growth, but lower domestic crude oil production. File photo by Stephen Shaver/UPI. April 17 (UPI) — While posting better-than-expected growth for the first quarter, the Chinese Continue Reading
China first-quarter GDP grows 6.9 percent year-on-year, better than expectations
Workers work at a construction site in front of Shanghai’s financial district of Pudong in Shanghai, China March 27, 2017. China’s economy grew 6.9 percent in the first quarter from Continue Reading
Behind China’s Pickup in Growth: the Strong Hand of the State
China on Monday posted its strongest quarterly growth in a year and a half, underlining how the fate of the world’s second-largest economy has tilted further into government hands. The Continue Reading