Saudi Arabia Drops Oil Prices for Asian Markets
Wednesday, 3rd August 2016
Saudi Arabia reduces its Arab Light grade price for September-loading cargo to Asian markets by $1.30 a barrel, as Russia and Iraq gain momentum in the race to dominate oil exports to the Asian continent.
Iran Prepared for All Eventualities of Oil Export Resumption
Monday, 2nd November 2015
Iran’s Oil Minister, Bijan Zangeneh, has downplayed fears that the return of Iranian crude will further dampen oil prices, saying confidently that “we have vaccinated the market against this issue,” reported Press TV.