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Saudi, Mideast vie for China teapot crude imports

  Reuters Top global oil exporter Saudi Arabia is looking at new ways to sell crude to China, offering more cargoes at spot prices and more lenient payment terms after losing ground in the world’s fastest-growing oil import market to Angola, Russia and others. Independent refiners, known as teapots, have shaken up China’s oil industry this year, accounting for most ...

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OPEC meets non-OPEC nations for oil talks

  VIENNA / Reuters Officials from OPEC and non-member oil producing countries met on Saturday aiming to build support for an OPEC plan to reduce output one day after OPEC members were unable to agree on how to implement the deal. Arriving for the meeting with OPEC’s High Level Committee of exporters, only the representative of non-OPEC Azerbaijan made comments ...

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Israel sees higher chance of gas export to Europe via Greece

  Bloomberg Senior officials from Italy, Greece, Cyprus and Israel agreed to advance talks on a pipeline from Israel to Europe after an EU-sponsored study showed the project would be “very feasible,” Israel’s Energy Minister Yuval Steinitz said in an interview. The study showed the pipeline, which would traverse Cyprus and Greece before reaching Italy, would cost about 5 billion ...

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