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Export of American crude oil to India will create jobs, economic stability and national security in both countries, US Energy Secretary Rick Perry has said, days after the first ever shipment of US crude oil landed in Odisha.

US oil export to India will increase jobs: Rick Perry

admin7 years ago05 mins

Buying US crude has become attractive for Indian refiners after the differential between Brent (the benchmark crude or marker crude that serves as a reference price for buyers in the western world) and Dubai (which serves as a benchmark for countries in the east) has narrowed. Export of American crude oil to India will create…

China bans exports of some fuel products to North Korean line with UN sanctions

admin7 years ago04 mins

Shanghai: China said on Saturday it will ban exports of some petroleum products to North Korea, as well as imports of textiles from the isolated North, in line with a UN Security Council resolution passed after Pyongyang’s latest nuclear test. The announcement from Beijing came at the end of a week that saw tensions ratchet…

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