One of the noticeable trends of the market of hydrocarbons is the desire of the participating countries to reduce the threat to our ecology, without reducing energy consumption. This means that over time an increasing preference for more “clean” energy. The greatest damage to the environment, according to experts, causes …
Read More »Russia lost to Saudi Arabia’s status as the largest supplier of oil to China
Saudi Arabia, the world’s largest oil exporter, has become a leading supplier of “black gold” to China in June of 2016, ahead of Russia holding the lead for the previous 3 months. China in June imported 4,569 million tons of oil from Saudi Arabia, or 1,112 million barrels a day, …
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