According to the Joint Organization Data Initiative (JODI), in September Saudi Arabia increased production and export of oil comparing to the previous month.
The fatwa of the Grozny Islamic Conference was harshly criticized in Saudi Arabia, since it only recognizes followers of the Sufi Tariqa as true Muslims.
According to the statement made in Singapore by the Director for International Relations of the National Iranian Oil Company (NIOC), the current level of oil production in Iran is 3.8 mln barrels per day.
During today’s trading on London Stock Exchange, Brent crude oil price fell below $42 per barrel.
Saudi companies Apicorp and National Shipping and are going to build the world’s largest fleet of oil tankers to support the kingdom’s plan to increase crude oil exports.
According to Bloomberg, citing sources from China’s General Administration of Customs, oil supplies from Russia to China fell by 21% in June.
For the first time since February Saudi Arabia lowered prices for consumers in the U.S. and Asia. After that, the price for Brent oil fell below $50 per barrel.
According to an independent consulting company Rystad Energy, recoverable oil reserves in the United States are greater than in Russia and Saudi Arabia.
On Monday, July 4, a powerful explosion happened in Qatif, located in the east of Saudi Arabia. A suicide bomber blew himself up near the mosque, which is located in the business area of the city.
A large tanker with Iranian oil was sent to the sea port of Gdansk, located on the Baltic Sea in Poland.