Chinese refinery race affects Russian oil
In August, Iraq exported 2.2 million barrels of oil daily through the Strait of Hormuz, reflecting an increase in its oil production. The United States is also competing with Russia and China to purchase Venezuelan oil, amid rising prices for Russian oil driven by the Chinese refinery race. In another development, the UAE announced a 43% increase in the number of participants in its alternative service program in Abu Dhabi, while the UAE embassy in Hanoi warned its nationals about the upcoming "Saudel" storm.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)