- China's crude oil futures boom amid looming Iran sanctions
May 14, 2018
A U.S. decision to reimpose sanctions on Iran is supporting China’s newly established crude oil futures, and may spur efforts to start trading oil in yuan rather than dollars, traders and analysts said.
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- Indian diesel, petrol prices hiked after state elections
May 14, 2018
Indian state fuel retailers raised diesel and petrol prices on Monday to their highest in nearly five years, data from the country’s biggest fuel retailer shows.
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- U.A.E. Sees OPEC Oil Capacity ‘Buffer’ Offsetting Iran Sanctions
May 14, 2018
OPEC has enough spare production capacity to cushion oil markets as the U.S. re-imposes sanctions on Iran, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.
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- Effects of Washington’s Withdrawal from Iran Nuclear Deal on Korean Economy
May 14, 2018
On May 8, U.S. President Donald Trump announced that the U.S. would withdraw from a nuclear deal with Iran and reinstate its economic sanctions against the Middle Eastern country. Washington’s decision is casting a dark shadow over the Korean econ...
- Adnoc to invest Dh165bn with partners in downstream
May 13, 2018
Abu Dhabi National Oil Company will invest Dh165 billion in downstream operations in partnership with global players over the next five years as the company looks to build the world’s largest integrated refining and petrochemicals facility, with p...