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. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. Saudi Arabia, OPEC’s largest producer, has been boosting oil production to offset supply disruptions elsewhere, including the anticipated loss of Iranian oil supply after U.S. a barrel premium over the Dubai/Oman average.

Oil Prices Running Out Of Reasons To Rally

Green Car Congress

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. For the better part of two months, optimism surrounding the OPEC deal has buoyed oil prices, but bullish sentiment from speculators are showing early signs of abating, raising the possibility that the oil rally is running out of steam. The gains in the rig count come even as oil prices have held steady in the mid- to low-$50s per barrel.

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Oxea launches new phthalate-free plasticizer as C8/C10 trimellitate replacement

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C8/C10 trimellitates are predominantly used in this application area, but the supply situation for the natural C8/C10 alcohols from which they are derived is very difficult. This results in continuously increasing prices and unreliable availability for the corresponding plasticizer. Oxea is owned by Oman Oil Company S.A.O.C. Oxea is expanding its phthalate-free plasticizer portfolio with the introduction of Oxsoft L9 (linear trinonyltrimellitate).

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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

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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. Ichthys will provide a long-term stable supply of cleaner energy to. million tons per year) has already been sold for 15 years under oil-linked price contracts, mostly directed to third-party consortiums of Taiwanese and Japanese buyers including INPEX.