Tehran, Iran – Iran and Saudi Arabia have agreed to re-establish diplomatic relations in a China-brokered deal that could have wide-ranging consequences but building on it, analysts say, will prove the main challenge. The agreement […]
Authored by Tsvetana Paraskova via OilPrice.com, Russia is accelerating its exports of diesel to Saudi Arabia by both direct shipments and ship-to-ship transfers, Reuters reported on Friday, quoting trade sources and shipping data from Refinitiv. […]
China’s efforts in brokering a deal between Iran and Saudi Arabia have been seen by analysts as broader signs of a “changing global order”. During talks in Beijing on Friday, Saudi Arabia and Iran agreed […]
ENB # 107 – As anyone who listens to the ENB podcast, one of my favorite things is learning and interviewing our CEOs, Industry Thought Leaders and subject matter experts. Today is no exception. Tom […]
Over the past two decades, the economic presence of China has been growing significantly around the world. The country has already surpassed the U.S. as the largest trading partner of developed nations such as Japan and the European […]
By Josh Owens of Oilprice.com Crude oil production from all 13 OPEC members slid by 49,000 barrels per day (bpd) in January from December as top producer Saudi Arabia slashed output by 156,000 bpd, OPEC’s […]
OPEC’s top official urged countries to invest much more in oil to meet the world’s future energy needs and said climate policies need to be more “balanced and fair.” “It is imperative that all parties […]
Summary Oil rally to $100 not ruled out by OPEC sources So far in 2023 Brent is up slightly at just over $86 China demand rebound, lack of sizeable supply growth key drivers Some OPEC […]
Oil rallied as Saudi Arabia signaled confidence in the demand outlook with a surprise boost in crude prices, while investors awaited comments on monetary policy from Federal Reserve Chair Jerome Powell. West Texas Intermediate futures […]
The current Brent oil price is just about the level at which Saudi Arabia breaks even from a fiscal perspective and it is way lower than Russia’s fiscal breakeven oil price. It is certain that […]
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