The new road for Saudi Arabia’s oil
Aramco is unlikely to suspend West-bound crude oil exports after the Houthi missile attacks against two Saudi tankers in the Bab el Mandeb strait, The National reports citing oil analysts. […]
Oil
Oil price: $200 per barrel is not an illusion
Oil prices could spike as high as $200 per barrel over the next 18 months, which would cause an “economic crash of horrible proportions,” according to a new report. A […]
Russian state company Rosnet files $1.4 bn over oil project
Russia’s state-owned oil giant Rosneft has filed a lawsuit against Japanese and other stakeholders in the Sakhalin-1 offshore oil and gas project, demanding some 89 billion rubles ($1.4 billion) for […]
India and China, the answer for Iran sanctions
How much oil from Iran will be disrupted because of U.S. sanctions? American officials have gone back and forth on this, but many of the people who decide how much […]
China’s oil demand is the biggest question mark
Oil demand growth in the world’s biggest oil importer—China—is at risk of slowing down, at least in the coming months. Higher oil prices play a role in this, but the […]
China and India drive the new cartel anti-OPEC
When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself […]
Trump pushes Saudi Arabia to increase oil output
The leader of Saudi Arabia promised President Donald Trump that he can raise oil production if needed and the country has 2 million barrels per day of spare capacity, the […]
Oil: BP to acquire largest electric vehicle company
BP plans to acquire the UK’s largest electric vehicle charging company, the latest in a string of acquisitions by major oil companies in the growing market for greener transport. The […]