Backed by top oil producers Saudi Arabia and Russia, Indonesia’s refining sector development has finally picked up pace and this does not bode well for Asia’s oil product exporters. Indonesia is the region’s largest gasoline and gasoil importer. The country has been notorious for planning a spate of refining projects over the last two decades […]
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In 2015 Saudi Arabia replaced Russia as largest oil producer for the first time since 2005, the Organization of Petroleum Exporting Countries (OPEC) said on Wednesday.
Russia has been the largest crude exporter to China for three months in a row, having surpassed Saudi Arabia. However, Riyadh responded with decreasing official oil prices to Asia. The kingdom is ready for an oil war with Russia in ...
Russia, the world's largest oil producer, may raise export duties on raw materials for gasoline production, if the local fuel deficit persists, Energy Minister Sergei Shmatko said on Friday.
New Saudi refineries to reduce crude oil export cushion DUBAI: Saudi Arabia’s drive to build new refineries means its maximum capacity to export crude, the big gun it aims at other producers wanting higher oil prices, is set to decl...