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Saudi Arabia And Iran Reignite The Oil Price War

Green Car Congress

The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. sanctions on Iranian oil. The Saudis are also cutting their prices to the prized Asian market to lure more customers as they increase supply. a barrel above the Dubai/Oman average.

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INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

Ichthys will develop approximately 3 billion barrels oil equivalent of reserves, including around 500 million barrels of condensate. In delivering this important project into production we will be securing vital long-term energy supply to Japan.Ichthys production volumes represent more than 10% of Japan’s LNG imports at current.

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