SEOUL, April 19 (Yonhap) -- The government will beef up the monitoring of
Baghdad (IraqiNews.com) – Iraq, the world’s fifth-largest oil producer, continues to have a key place in the oil export industry. This makes Iraq the second-largest Middle Eastern exporter, with oil revenues predicted to have reached $111 billion in 2022, accounting for 7.62% of total exports. Iraq’s oil reserves remain a critical resource for its economy,
KUWAIT CITY, April 13: Crude oil is indeed a cornerstone of the global economy, serving as a vital raw material for various industries, reports Al- Anba daily. Following is the list of top oil exporting countries and their significant contributions to the global oil trade: Saudi Arabia -- Reigning at the top of the list, Saudi Arabia exported $236 billion worth of oil in 2022, comprising 16.2% of global oil exports. With vast reserves and substantial production capabilities, Saudi Arabia plays a...
(Bloomberg) — Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as early as this week. But don’t expect the president
China's Crude Oil Imports Hit A Record High In 2023 By Tom Kool of OilPrice.com China’s crude oil imports hit a record high in 2023, rising by 10% year-over-year and breaking the previous record from 2020 when the world’s top crude oil importer took advantage of the price crash to gorge on cheap crude. Last year, China’s crude oil imports averaged 11.3 million barrels per day (bpd), up by 10% compared to 2022, according to Chinese customs data compiled by Bloomberg and the U.S....
Investing.com -- Wall Street looks set to open lower after the reported
Crude oil price's rise halted at the first target of $87.75, leading to a
Soaring Russian Oil Imports Drag OPEC's Market Share In India To Record Low Authored by Tsvetana Paraskova via OilPrice.com, Russia was India’s single largest oil supplier for a second consecutive fiscal year, as surging imports of Russian crude dragged down the share of OPEC and Middle East supply to India to a record low, Reuters reported on Friday, citing data from tanker-tracking data obtained from industry sources. In the 2023/2024 fiscal year ended March 31, the share of...
Markets saw limited movement Monday, but all eyes are on Israel's next steps after an Iranian drone and missile strike.
CNBC TV holds a special livestream Sunday evening on the Iran-Israel conflict, spiking oil prices and the stock market decline.
Javier Blas Outlines Ten Takeaways For Crude Market Following Iran's Direct Attack On Israel Iran's direct attack on Israel on Saturday evening is viewed certainly as an escalation in the Middle East conflict. Tehran's missile and drone attack (widely unsuccessful) has been well-telegraphed (read: here & here) for the last two weeks, pushing up Brent crude oil futures above the $90 a barrel mark on heightened geopolitical risks in the region. Iran's direct attack on Israel could...
Israel is preparing for a direct attack by Iran on southern or northern Israel as soon as Friday or Saturday, The Wall Street Journal reported.