Saudi Arabia and India are important countries in the global economy — both are among the world’s largest, and part of the “G20” group.
February 20, 2019
China, the world’s second-largest economy and largest crude oil importer, launched its own crude oil futures exchange — the Shanghai International Energy Exchange (INE) — in early 2018 with a few freely traded medium sour crude grades priced in the Chinese yuan.
January 08, 2019
It was a rollercoaster-ride of a year for the oil markets, with Brent prices soaring to a high of $86 in October, before a dramatic crash to as low as $50 earlier this month.
December 30, 2018
Oil prices continued their decline last week, with the market adversely affected by global financial turmoil, slowing growth and deteriorating liquidity.
December 23, 2018