‘China economy outlook cause for oil market volatility’
China’s slowing economic growth and a bleak outlook is the main cause for volatility in global oil prices, finds a survey
Industry
Iran could soon resume oil exports to South Africa
A senior official has said South Africa, formerly a major trading partner, is keen to resume Iranian oil imports
Non-OPEC supply could be cut by half a million oil barrels, says IEA report
The International Energy Agency (IEA) has released its oil market report for the month, which reveals that the non-OPEC supply could be cut by nearly 0.5mb/d – the largest decline in more than two decades
Gulf Petrochem to expand presence in East Africa
UAE-based trader Gulf Petrochem is focusing on East Africa for increasing its storage capacity and enhancing growth
GCC oil ministers to meet tomorrow in Qatar
Oil ministers from Gulf nations are expected to meet in Qatar tomorrow for the first time after the latest slide in oil prices
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