India is looking at raising oil imports from Russia, its oil minister said on Sept. 17, at a time of surging oil prices after an attack on Saudi Arabian facilities halved the kingdom's production.
Saudi Energy Minister Khalid al-Falih’s loss of status puts him under new pressure to meet crown prince’s goals.
Oil prices fell on Aug. 12 amid worries about an economic slowdown and the U.S.-China trade war, which have led to a cut in the outlook for global oil demand
Global drilling and engineering contractor KCA Deutag’s land drilling operation has won three new contracts in Russia worth approximately $168 million on July 15.
Political pressure and incidents of contaminated crude cut into Russia’s European dominance.