Keyword: Saudi Arabia oil

News

Sinopec Turns Down Cut-Price Iran Crude

12.06.2012 - Chinese refiner Sinopec has turned down offers of bargain Iranian crude and will cut imports by up to a fifth this year, a senior Chinese oil executive said, insisting ties with...

News

OPEC Output Hits New High in May

29.05.2012 - OPEC output in May has hit its highest since 2008 as Saudi Arabia maintained high production rates despite a drop in prices and Iranian shipments did not fall substantially further...