As Tropical Storm Harvey continues its path along the Gulf Coast, Asian and European oil refiners up their gas delivery to make up for a shortfall.
The small archipelago Gulf state is surrounded by oil-producing giants, but its own production has been very limited. A more detailed analysis of the find's content, size and extraction viability has begun.
The ship was carrying $8.1 million dollars (€ 6.4 million) worth of gasoline when it disappeared on Thursday. Fears are held for the crew of 22 Indian nationals amid speculation the tanker has been hijacked by pirates.
As shale oil makes a comeback, the United States could outstrip Russia and Saudi Arabia to become the world's biggest oil producer. But is this new boom in black gold sustainable?
At a time when the United States is calling for more restrictions on fuel exports to North Korea, Russia may be attempting to avoid the total collapse of the regime in Pyongyang. Julian Ryall reports from Tokyo.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version