Wednesday, 14 February 2018 Japan imported 1.295 million barrels of Saudi oil daily last year, which was a 9.5-percent annual increase and the highest import rate since 1982, Japanese government data showed. A local refiner told S&P Platts the increase was a result of Saudi Arabia’s “operational flexibility, as well as they were basically flexible to accommodate our request for tolerance." The increase came amid falling allocations for large Asian clients because of the production cut deal, but it also reflected Saudi Arabia’s particularly sharp cut…
According to a report by Reuters, on Wednesday, the US government confirmed that Saudi Energy Minister Khalid al-Falih met with US special representative for Iran Brian Hook in Vienna, contradicting a..
According to Reuters, Saudi Energy Minister Khalid al-Falih met with U.S. special representative for Iran Brian Hook in Vienna on Wednesday. Hook met with Falih a day ahead of an OPEC meeting in Vienna..
According to Reuters, A key monitoring committee of OPEC and its allies, including Russia, agreed on Wednesday on the need to cut oil output in 2019. Two sources familiar with the decision added that..
Saudi Arabia could reduce its daily crude oil shipments abroad by as much as 1 million barrels next month, Reuters reports, quoting unnamed sources close to... OilPrice.com - MarketsAlso reported by •Reuters