oil trade

Iran, Pakistan agree to joint border ‘reaction force’
Middle East

Iran, Pakistan agree to joint border ‘reaction force’

After talks with the Pakistani leader on Monday, Iranian President Hasan Rouhani announced the formation of the joint border force.…
Oil market likely to be well balanced in 2019, says Saudi energy adviser
Middle East

Oil market likely to be well balanced in 2019, says Saudi energy adviser

PARIS (Reuters) – Ibrahim al-Muhanna, an adviser to the Saudi energy minister, said on Friday he expected the oil market…
U.S. crude imports from Venezuela grind to a halt after sanctions
World

U.S. crude imports from Venezuela grind to a halt after sanctions

NEW YORK (Reuters) – U.S. crude imports from Venezuela dropped to zero last week, for the first time on record,…
Saudi Arabia to cut crude oil exports in April: Saudi official
Business

Saudi Arabia to cut crude oil exports in April: Saudi official

DUBAI (Reuters) – Saudi Arabia plans to cut its crude oil exports in April to below 7 million barrels per…
Demand grows for oil trade finance in Middle East, banks say
Business

Demand grows for oil trade finance in Middle East, banks say

Banks are seeing a pick up in interest for trade finance from Middle East oil companies, especially in Egypt, they…
Egypt struggles to buy fuel as credit dries up
Business

Egypt struggles to buy fuel as credit dries up

  LONDON/CAIRO — Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug…
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