Oil & gas
Trump sets 4 Nov deadline for world to stop buying Iranian crude
27 Jun 2018
The US has told all countries, including India and China, to stop all their imports of Iranian crude oil by 4 November, but the two countries are unlikely to comply considering their dependence on Iranian oil
Saudi Aramco, ADNOC to share 50% stake in Ratnagiri refinery
26 Jun 2018
Saudi Aramco and ADNOC will together hold a 50-per cent stake in the 60 million tonnes a year Ratnagiri refinery project that is expected to come on stream by 2025
Opec agrees to raise output by 1 mn barrels per day
23 Jun 2018
Opec members agreed to a deal on Friday to increase oil supplies by about 1 million barrels of oil per day, equivalent to an increase of 1 per cent of global supplies
India, China plan oil buyers’ block to counter Opec
14 Jun 2018
While the two countries compete in the acquisition of oil assets overseas, India and China have a common interest in keeping oil import prices low, considering its impact on domestic economies
