China’s Oil Imports From Saudi Arabia Jump To Record High
As China imported its highest-ever volume of crude oil in May. Chinese imports of crude oil from OPEC’s largest producer, Saudi Arabia, surged by 94.9 percent on the year and Continue Reading
CHINA DATA: May crude imports from Saudi Arabia soar 95% on year to record high
Singapore — China’s crude oil imports from Saudi Arabia soared 94.9% year on year to 9.17 million mt, or 2.17 million b/d, in May, a new record high for a Continue Reading
Saudi Arabia’s Oil Price War Cost The Kingdom $12 Billion In One Month
Saudi Arabia made good on its promise to flood the market with oil after the collapse of the previous OPEC+ deal in early March. In April, the value of Saudi Continue Reading
Iran building pipeline to avoid disputed oil waterway
Iran on June 25 officially started building a 1,000-km (620-mile) pipeline to avoid the disputed Strait of Hormuz for its future oil exports, state television reported. The Goureh-Jask route will bring Continue Reading
Iran warns exporters as it seeks to stabilise falling rial
Hassan Rouhani, Iran’s president, warned exporters that they risk prosecution if they keep their foreign currency earnings offshore as Tehran struggles to stabilise the plummeting rial. The Iranian currency has fallen Continue Reading
Emirates to restart flying A380 superjumbo aircraft in potential boost to jet fuel demand
Emirates operated world’s biggest fleet of A380 before coronavirus pandemic Airline currently flying to over 40 destinations Dubai to welcome tourist, business travelers from July 7 Dubai — Emirates, the Continue Reading
Iraq Considers A String Of Massive Oil Deals With China
Iran is pressing Iraq to expand its already game-changing oil and gas infrastructure deal with China. Tehran is looking to include Iraq in the Sino-Russian power bloc in order to Continue Reading
Iraq raises estimates for May oil income, crude export price
Iraq has raised estimates for its oil income and export prices for May, the oil ministry said on June 24, as OPEC’s second-largest producer benefits from the uptick in global Continue Reading
Iran says it’s ready for talks if U.S. apologises over nuclear pact
Iran would be open to talks with the United States if Washington apologises for exiting a 2015 nuclear deal and compensates Tehran, Iranian President Hassan Rouhani said on Wednesday, cautioning Continue Reading
Chevron’s Saudi-Kuwait Venture Plans Restart Exports in July
The coronavirus pandemic has stalled factories and shut down business around the world, causing a historic drop in oil demand just as production was reaching new highs. WSJ explains the Continue Reading