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Iraq oil exports to top 2.3M bpd in April

Iraq oil exports to top 2.3M bpd in April

Iraq plans to raise oil sales to a post-war record rate of over 2.30 million barrels per day (bpd) in April, an Iraqi oil official said on Monday, with exports boosted by a new loading facility in the Gulf.

March 12, 2012 2:00
 
Global oil demand growth steady -OPEC

Global oil demand growth steady -OPEC

Europe's debt crisis and an oil price rally are the biggest threats to global oil demand this year, OPEC said on Friday while adding it was still pumping above its target despite a slide in Iranian production.

March 10, 2012 4:51
 
Politics and business: China-Gulf ties won’t be affected by Syria clashes

Politics and business: China-Gulf ties won’t be affected by Syria clashes

Given its $90 billion a year bilateral trade with GCC, China has received less flak for vetoing the UN Council resolution on Syria. Things may change though if Syria worsens.

March 6, 2012 12:31
 
India’s top Iranian oil buyer plans to cut imports

India’s top Iranian oil buyer plans to cut imports

India's largest Iranian oil buyer plans almost to halve daily imports, industry sources said on Monday, becoming the latest Asian refiner to cut supplies from Iran as Western sanctions make trade with OPEC's second-largest producer difficult.

March 6, 2012 10:49
 
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