Post Tagged with: "Asian markets"

Source: Reuters

Saudi Arabia gets physical with Russia in underground oil bout


MOSCOW – Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market.

It is here, rather than in the world of …

Source: Reuters

Venezuela Begins Expansion of Crude Joint Venture with China

From Reuters

A Venezuelan oil joint venture with a state-owned Chinese company has started an expansion project to boost output to 165,000 barrels per day (bpd), President Nicolas Maduro said on Thursday, from a current capacity of 110,000 bpd.

Sinovensa, …